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CAl FN W 

Government 
Publication* 






Digitized by the Internet Archive 

in 2013 



http://archive.org/details/statisticalsumma1937bank 



'M 



INDEX 



STATISTICAL SUMMARY 



BANK OF CANADA 

/// 




1937 



.viG50_ 

i S" * 5 7 

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(II 



IDEX 1937 

Unless otherwise stated tables and charts refer to Canada only. 
Items indexed under the same heading do not necessarily relate to the same period. 

Tables Charts 

J^ Months are indicated by numbers in bold type, pages by italics. 

Agriculture 

Animal Products: production: value, 1926-36 616 616 

wholesale price index 114, 414 

Dairy & Farm Animal Products: value and index of value, 1926-36 . 616 616 

Dairying: production: value and volume by regions, 1900-36 . . 12/(5, 12/7 

Exports: see individual commodity or group headings, or External Trade 

Field Crops: value, 1926-36 616 616 

Grains: acreage, value & yield by regions, 1911-37 1016,1017 

wholesale price (wheat) 214, 515, 813, 1113 . . . 214, 515 

wholesale price index 912 

Gross Value of Agricultural Production, 1926-36 616 616 

Imports: see individual commodity or group headings, or External Trade 

Livestock Marketings: average prices, 1925-36 1116 

indexes of value, 1925-36 11/7 

volume, 1925-36 11/7 

volume by regions, 1925-36 1116 

wholesale price index 912 

see also Livestock Meat & Fish 
Prices: see individual commodity or group headings, or Retail Price 

Indexes, Wholesale Prices, and Wholesale Price Indexes 

Production: gross value, 1926-36 — see also individual headings above . 616 616 

Wheat: see Grains (above) and Wheat. 

Aluminium 

Exports & Production: Canada & world, 1926-36 116 7/7 

Animal Products — See Agriculture 

Automobiles & Parts 

Exports, value by countries, 1926-36 313 

Automobiles & Trucks 

Exports: volume 413, 715, 1013 

Production: volume 216, 410, 510, 610, 712, . . 410 

810, 911, 1011, 1114, 1211 

Aviation — See Civil Aviation 

B 

Bacon & Hams 

Exports: value by countries, 1926-36 313 

volume 413, 715, 1013 

See also Livestock Meat & Fish 

Balance of International Payments 

Preliminary Estimates, Gross, 1935-36 59 

Revised Estimates, Net, 1927-36 IIP IIP 

See also Int. Pur. & Sales of Securities and Merchandise Trade 

Bank Debits 

By Cities, 1926-37 46,106 

By Cities, 1936-37 46,106 106 

Total, 1926-37 46,106 46 

Bank Loans — See Chartered Banks: Loans 

Bank of Canada 

Assets & Liabilities Monthly 2,3 Monthly / 

Investments i Monthly 3 Monthly /, 53 

Note Circulation — see also Note Circulation Monthly 2 Monthly /, 52 

Reserve Monthly 3 Monthly /, 53 

Bankruptcies 511 511 

Banks — See Bank of Canada and Chartered Banks 
Barley — See Agriculture: Grains 
Base Metals — See Non-Ferrous Metals 
Beef 

Retail Price Index 3/5, 611, 913 



INDEX 1937 



Unless otherwise stated tables and charts refer to Canada only. 
Items indexed under the same heading do not necessarily relate to the same period. 

Tables Charts 

Months are indicated by numbers in bold type, pages by italics. 

Bleached Sulphite Pulp 

Wholesale Price U13 1113 

Bond Issues (New, Refunding & Retirements) 

New Issues, 1936-7 110, 710, 100 100 

New Issues as Affecting Bal. of Int. Payments: gross, 1935-6 50 

net, 1927-36 . . .110 

Refunding Issues, 1936-7 110, 710, 109 

Retirements, 1936-7 710, 100 100 

Retirements as Affecting Bal. of Int. Payments: gross, 1935-6 . . 50 

net, 1927-36 . . .110 
Summary of Changes in Currency of Payment, 1936-7 .... 710 
See also Government Bonds. 

Bond Prices — See Government Bonds 

Boots & Shoes 

Production: volume 216 

Bread 

Retail Price Index 315, 611, 913 

Brokers' Loans 270, 60, 910, 1210 .... 210, 60 

See also Chartered Banks: Loans: call 

Building & Building Materials — See Construction 

Butter 

Production: value & volume by regions, 1900-36 1216, 1217 

Retail Price Index 315, 611, 913 

c 

Call Loans — See Chartered Banks: Loans 

Call Loan Rate (New York) 65 

Calves — See Agriculture: Livestock 

Canadian National Railways 

Bonds Outstanding: amount guaranteed by Dominion, 1926-36 28 28 

total, by currency of payment, 1937 78 70 

Bonds: prices & yields, 1936-7 27,67,97,117 . . . . 117 

See also Government Bonds 

Capital Expenditure by Dominion, 1926-37 3<? 

Deficit: 1935-7 10, 8<? 

Loans from Dominion: 1926-37 38 

1935-7 10, 88 

Operating Revenue: gross & net, 1926-36 All 

Traffic: freight & passengers, 1926-36 . . 411 

Canadian Pacific Railway 

Operating Revenue: gross & net, 1926-36 All 

Traffic: freight & passengers, 1926-36 All 

Capital Issues — See Bond Issues 

Capital Movements 

Gross, 1935-6 50 

Net, 1927-36 110 

Carloadings 

Index by Products 911 

Loadings: eastern & western divisions 712 

total A10, 510, 610, 712, 810, 911, 

1011, 1114, 1211 
Cash 

Chartered Banks: 1926-37 Monthly 4,5 12, 32, A2 

1935-7 Monthly 2,4,5 Monthly 1, 72, 93 

Sources & Distribution: 1926-37 62,63 

1935-7 Monthly 2,3 Monthly 1 



NDEX 1937 

Unless otherwise stated tables and charts refer to Canada only. 
Items indexed under the same heading do not necessarily relate to the same period. 

Tables Charts 

Months are indicated by numbers in bold type, pages by italics. 

Cash Ratio (Chartered Banks) Monthly 5 22,102 

Cattle — See Agriculture: Livestock 
Chartered Banks 

Assets & Liabilities Monthly 4, 5 Monthly 

Canadian Assets, 1926-37 34 

Cash: 1926-37 Monthly 4,5 12, 32, 42, 62, 63 

1935-7 Monthly 2,3,4, 5 . . . . Monthly /, 72, 33 

Cash Ratio, 1926-37 Monthly 5 22,102 

Debits: by cities: 1926-37 46,106 

1936-7 46,106 106 

total, 1926-37 46,106 46 

Deposits: 1926-37 Monthly 4 23, 32, 123 

1935-7 Monthly 4 82,93, 113 

Deposits: annual classification 24 

Foreign Assets 35 

Investments: 1926-37 Monthly 4, 5 . 

1934-7 Monthly 4, 5 . 

Loans: annual classification 25 

Loans: call: Canadian: 1926-37 Monthly 5 .... 

1936-7 Monthly 5 .... 

foreign, 1926-37 Monthly 5 .... 

Loans: current: Canada: to public: 1926-37 65,75,85,95,105,115,125. 

1936-7 . . .65, 75, 85, 95, 105, 115, 125 . 

total, 1926-37 Monthly 5 . . . . 

foreign Monthly 5 .... 

Note Circulation — see also Note Circulation Monthly 5 

Ratio of Cash to Deposits, 1926-37 Monthly 5 .... 

Ratio of Loans & Securities to Deposits, 1926-37 

Ratio of Public Demand to Time Deposits: 1926-37 

1936-7 83,103 

Security Holdings — see Investments (above) 
Cheese 

Exports: volume 413, 715, 1013 

Production: value & volume by regions, 1900-36 1216,1217 

Retail Price Index 3/5, 611, 913 

Chemical Products 

Exports: value 213, 615, 915, 1215 

Imports: value 212, 614, 914, 1214 . . . 1214 

Civil Aviation— Canada & U.S.A., 1926-36 716 

Clothing 

Retail Price Index 416 416 

Coal 

Imports: value by countries, 1926-36 312 312 

volume 412, 714, 1012 

Production: volume 116 

Wholesale Price 214, 515, 813, 1113 

Coal & Coke Products 

Imports: value 212, 614, 914, 1214 . . . 1214 

Coffee 

Imports: volume 412, 714, 1012 412 

Commercial Failures — 1926-36 511 511 

Commodity Prices — See Retail Price Indexes, Wholesale Price 
Indexes, and Wholesale Prices 

Common Stocks — See Stock Exchanges 

Construction 

Building Materials: wholesale price index 577 

Contracts Awarded: index of value 714 

value: by type and area 2/5, 517, 811 2/5, 517 

: total 410, 510, 610, 712, . . . 215, 517, 811 

810, 911, 1011, 1114, 12// 



14 


33, 


44, 


95 


84, 


85, 


104, 115 


15, 


45, 


55, 


125 


74, 


105 






35, 


65 






15, 


45, 


64, 


124 


64, 


75, 


94, 


114 


15. 


45 






35 








22,102 






33, 


95 






54 









INDEX 1937 



Unless otherwise stated tables and charts refer to Canada only. 
Items indexed under the same heading do not necessarily relate to the same period. 

Tables Charts 

Months are indicated bv numbers in bold type, pages by italics. 

Copper 

Exports: value by countries, 1926-36 313 313 

volume 413, 715, 1013 413 

Exports & Production: volume: Canada & world, 1926-36 . . . 716 777 

Production: value, 1926-37 11/4 

volume 116, 410, 510, 610, 712, &10, . 116, 510, 1114 

911, 1011, 1114, 1211 

Wholesale Price 214, 515, 813, 1113 .... 214, 515, 1114 

Cost of Living Indexes 

Canada: total index 315, 416, 611, 913 . . . 417, 913 

component indexes 416 416 

Canada, U.K., & U.S.A 114, 414 

See also Foods: Retail Price Index 

Cotton (Raw) 

Imports: volume 412, 714, 1012 412 

Wholesale Price 214, 515, 813, 1113 

Cotton Products 

Imports: value by countries, 1926-36 312 312 

See also Textiles & Fibres 

Current Account Items (In Balance of Int. Payments) 

Gioss: 1935-6 59 

Net: 1927-36 IIP 

Current Loans — See Chartered Banks: Loans 

D 

Dairy Products 

Exports: value 213, 615, 915, 1215 

See also Agriculture 

Debits — See Bank Debits 

Deposits — See Chartered Banks 

Dominion Finance — See Public Finance 

E 

Education 

Dominion Grants-in-Aid to Provinces re Agricultural Instruction & 

Technical Education, 1914-38 98, 99 

Government Support of Publicly Controlled Schools, 1915-35 ... 5<? 

Provincial Expenditure, 1926-35 29 

Eggs 

Retail Price Index 315, 611, 913 

Electric Power 

Consumption: Ontario & Quebec 810 

Total 217, 516, 1115 277, 516, 1115 

Exports 217, 516, 1115 2/7, 516, 1115 

Production 2/7, 410, 510, 516, 610, 712, . 217, 516, 11/5 

810, 911, 1011, 1114, 11/5, 12// 

Production & Distribution 2/7, 516, 11/5 2/7, 516, 11/5 

Employment 

Index: by industries 316, 917 316, 610, 9/7, 12// 

total 316, 410, 510, 610, 712, 810, . 316, 610 

911, 917, 1011, 1114, 1211 
Exchange Rates — See Foreign Exchange 
Exports — See individual commodities or groups, or External Trade 

External Trade 

Balance of Merchandise Trade — see Merchandise (below) 

Capital Account Items: Gross, 1935-6 59 

Net, 1927-36 IIP 



INDEX 1937 

Unless otherwise stated tables and charts refer to Canada only. 
Items indexed under the same heading do not necessarily relate to the same period. 

Tables Charts 

Months are indicated by numbers in bold type, pages by italics. 

External Trade — (Continued) 

Current Account Balance, 1900-36 IIP 

Current Account Items: Gross, 1935-6 59 

Net, 1927-36 119 

Exports: index of prices 1013 

index of value 1013 

index of volume 413, 715, 1013 1013 

value: by commodities— see also Electric Power . . . 213, 615, 915, 1215 . . . 213, 615, 915 

by commodities & countries, 1926-36 .... 313 313 

by countries 112, 513, 815, 1111 . . . . 112,513,815,1111 

percentage changes, by months & countries 814, 815 

percentage distribution 915 

volume by commodities 413, 715, 1013 117, 413, 715, 817 

Imports: index of prices 1012 

index of value 1012 

index of volume 412, 714, 1012 1072 

value: by commodities 212, 614, 914, 1214 .... 212, 614, 1214 

by commodities & countries, 1926-36 .... 312 312 

by countries 113, 512, 814, 1110 . . 113,512,815,1110 

percentage changes by months, countries & c'm'd'ties 814, 815, 1214 

volume by commodities 412, 714, 1012 412, 714 

Invisible Items: Gross, 1935-6 59 

Net, 1927-36 IIP 

Merchandise Trade Balance 113, 512, 814, 1110 .... 113, 914, 1215 

Merchandise Trade in Bal. of Int. Payments: Gross, 1935-6 . . . 59 

Net, 1927-36 . .IIP 

Purchases & Sales of Securities — see International Purchases & Sales 

of Securities 

Re-exports: value 113, 512, 814, 1110 

Retained Imports: value 113, 512, 814, 1110 

Total External Trade: index of volume 411 

Tourist Trade: receipts & payments, 1935-6 59 

net receipts, 1927-36 IIP 

Visible Trade Balance: 1935-6 59 

1927-36 IIP 

F 

Farm Products 

Production — see Agriculture 

Wholesale Price Index: Canada 114, 414, 514, 612, 713, 812, . 115, 415, 514, 616, 

912, 1014, 1112, 1212 . 1212 

U.S.A 114, 414, 514, 612, 713, 812, . 514 

912, 1014, 1112, 1212 
Fibres — See Textiles & Fibres 
Field Crops 

Production: value, 1926-36 616 616 

See also individual commodities or Agriculture 
Fish 

Exports: value by countries, 1926-36 313 313 

volume 413, 7.15, 1013 

See also Livestock Meat & Fish 
Flour 

Exports: value by countries, 1926-36 313 

Production: volume 216 

Wholesale Price 214, 515, 813, 1113 

See also Wheat & Flour and Grain & Milled Products. 
Foods 

Component in Cost of Living 416 416 

Exports: value: percentage of total exports, 1926-37 975 

Retail Price Index 375, 416, 677, 913 . . . . 315, 416, 677, 913 

See also individual food items 

Wholesale Price Index: Canada 114, 375, 414, 514, 677, 612, . 375, 677, 672 

713, 812, 912, 913, 1014, 1112, 1212 



INDEX 1937 



Unless otherwise stated tables and charts refer to Canada only. 
Items indexed under the same heading do not necessarily relate to the same period. 

Tables Charts 

Months are indicated by numbers in bold type, pages by italics. 

Foods — (Continued) 

U.K 114, 414, 612, 713, 812, 912, . 612 

1014, 1112, 1212 

U.S.A 114, 414, 514, 612, 713, 812, . 612 

912, 1014, 1112, 1212 
Foreign Exchange 

Forward Rates: U.S. dollar in Canada, 1935-7 128 

Spot Rates: Argentine paper peso in Canada, 1928-37 129 

Australian pound in Canada, 1928-37 129 

Canadian dollar in New York Ill, 311, 613, 916, 128 . 27, 311, 56, 97 

French Franc in New York 111,311,613,916,128 

Sterling in Canada 111,311,613,916,128 . 111,613,916,117,129 

Sterling in New York Ill, 311, 613, 916, 128 . . 311 

U.S.A. dollar in Canada Ill, 311, 613, 916, 128 . . 111,613,916,117,128,129 

Foreign Trade — See External Trade 

Forest Products — See Bleached Sulphite Pulp, Lumber, Newsprint, 
Newsprint & Woodpulp, and Wood & Paper 

Freight — See Balance of International Payments, Civil Aviation 
and Railways 

Fruits, Nuts & Vegetables 

Exports: value 213, 615, 915, 1215 

Imports: value 212, 614, 914, 1214 . . 1214 

value by countries, 1926-36 312 312 

Fuel 

Retail Price Index 416 416 

Funded Debt — See Public Finance. 

Furs & Skins 

Exports: value 213, 615, 915, 1215 



Gasoline 

Taxes, 1926-36 

Wholesale Price 

See also Petroleum Oils 

Gold 

Earmarked in Canada 

Exports & Imports in Balance of International Payments, 1935-6 
Net Exports in Balance of International Payments, 1927-36 

Non-monetary Exports: value 

volume 

Production: volume 



volume: Canada & world, 1926-36 .... 

Government Bonds 

Amount outstanding: 

by currency of payment & issuing body: 1926-36 

1937 . 

by year of final maturity, 1937 78 

see also Treasury Bills 
New Issues — see Bond Issues 
Prices, Yields: from 1926: domestic: Can., U.K., & U.S.A. . 

from 1935: domestic & Can.: Can., U.K., & U.S.A. 
from 1935: optional payment issues . 

payable: Canada .... 



118 . 




. 118 


1113 






112, 513, 


815, 1111 




59 






119 






112, 513, 


815, 1111 . 


. 112 


413, 715, 


1013 




116, 410, 


510, 610, 712, 716,. 


. 510 


810, 911, 


1011, 1114, 1211 




716 




717 


28 






78 




. 79 



27, 67, 97, 117 
Monthly 6 and/or 7 



New York: Can. & U.S.A. issues 27, 67, 97, 117 

U.S.A. issues 16, 37, 47, 57, 77, 87, 107, 127 



London: Can. & U.K. issues . 
U.K. issues 



27, 67, 97, 117 

16, 37, 47, 57, 77, 87, 107, 127 



79 



77 

66, 67 
117 

Monthly 6 and/or7 
27, 56, 97 
16, 37, 47, 57, 87, 
107, 116, 127 

16, 37, 47, 57, 87, 
107, 116, 127 



INDEX 1937 



Unless otherwise stated tables and charts refer to Canada only. 
Items indexed under the same heading do not necessarily relate to the same period. 



Tables Charts 

Months are indicated by numbers in bold type, pages by italics. 

Government Bonds — (Continued) 

Refunding Issues — See Bond Issues 
Retirements — See Bond Issues 

Government Finance — See Public Finance 

Grain & Milled Products 

Net Exports in Relation to Total Trade Balance, 1936-7 12/5 

Exports: value 213, 615, 915, 1215 . . . 213, 615 

See also Agriculture: Grains, Wheat and Flour 

Grains — See Agriculture and Wheat 

Grants-in-Aid 

Old Age Pensions: Dominion fiscal years: 1927/8 to 1937/8 ... 9c? 

from 1935 . . . . 19, 88 

provincial fiscal years: 1927-35 68 

Total: 1925/6 to 1936/7 38 

1913/4 to 1937/8 98,99 

H 

Hams — See Bacon & Hams 

Hogs — See Agriculture: Livestock 

Housing — See Construction 

I 

Imports — See External Trade 

Industrial Activity 410,510,610,712,810,911, . 410,510,610,712,810, 

1011,1114,1211 .... 9//, 10//, 11/4, 12// 

Insurance — See Life Insurance 

Interest & Dividends (in Balance of International Payments) 

Net Payments, 1927-36 IIP 

Receipts & Payments, 1935-6 59 

Interest Rates — See Gov't Bonds, Treasury Bills and Call Loan Rate 

International Purchases and Sales of Securities 

In Balance of International Payments, 1935-6 & 1927-36 . . . 59, 119 

By Type of Security, 1937 711, 1010 711 

Total 110, 49, 711, 1010 ... 49 

Invisible Trade Items 

Net Receipts or Payments, 1927-36 119 

Receipts and Payments, 1935-6 59 

Iron & Steel 

Imports: value 212, 614, 914, 1214 .... 212, 614, 1214 

value by countries, 1926-36 312 312 

volume 412, 714, 1012 412, 714 

Wholesale Price Indexes: Canada 114, 414 

Can., U.K., & U.S.A 713 

See also Steel and Tin Plate 

L 

Lead 

Exports & Production: volume: Can., & world, 1926-36 .... 716 717 

Production: volume 116 116 

Licences & Fees: Motor Vehicles, 1926-36 11<? 11<? 

Life Insurance, 1926-35 211 211 

Livestock — See Agriculture 

Livestock Meat & Fish 

Exports: value 213, 615, 915, 1215 

See also Bacon & Hams, Beef and Fish 



INDEX 1937 



Unless otherwise stated tables and charts refer to Canada only. 
Items indexed under the same heading do not necessarily relate to the same period. 

Tables Charts 

Months are indicated by numbers in bold type, pages by italics. 

Loans — See Chartered Banks and Life Insurance 

Lumber 

Exports: value 213, 615, 915, 1215 .915 

value by countries, 1926-36 313 313 

volume 413, 715, 1013 413, 813 

Wholesale Price 214, 515, 813, 1113 . .1113 

Wholesale Price Index S13 

See also Timber 

M 

Machinery & Vehicles 

Exports: value 213, 615, 915, 1215 

Imports: value 212, 614, 914, 1214 . . . 212, 614, 1214 

value by countries, 1926-36 312 

See also Automobiles & Parts and Automobiles & Trucks 

Manufactures 

Wholesale Price Index: Canada 114, 414, 514, 612, 713, 812, 115, 415, 514, 616, 

912, 1014, 1112, 1212 1014, 1212 

U.S.A 514, 612, 713, 812, 912, . . 514 

1014, 1112, 1212 
Manufacturing 

Index of Production 216 

Production of Certain Commodities 216 216 

See also individual commodity groups, and Industrial Activity 

Meat — See Bacon & Hams, Beef and Livestock Meat & Fish 

Merchandise Trade — See External Trade and Retail Merchandise Sales 

Metals — See Minerals and Non-Ferrous Metals 

Milk 

Consumption: value & volume by regions, 1900-36 1216, 1217 

Production: volume by regions, 1900-36 . 1216,1217 

Retail Price Index 3/5, 611, 913 

Minerals 

Index of Production 116 

Production of Certain Minerals 116 116 

See also individual minerals, and Non-Ferrous Metals 

Montreal Stock Exchange (incl. Curb Market) — see Stock Exchanges 

Mothers' Allowances, 1916-35 64? 

Motor Truck Registrations, 1921-35 All 

Motor Vehicle Licences & Fees, 1926-36 11<? 11<? 

N 

National Debt — See Public Finance 

New Issues — See Bond Issues and Balance of International Payments 

Newsprint 

Exports: value by countries, 1926-36 313 

volume by countries, 1926-37 715 

Production: volume 216,410,510,610,712,810, . 216 

911. 1011, 1114, 1211 

Production, Consumption & Stocks: percentage changes 107/ 

Wholesale Price 214, 515, 813, 1113 . . . 1113 

Newsprint and Wood Pulp 

Exports: value 213, 615, 915, 1215 . 213, 615, 915 

volume 413, 715, 1013 

See also Bleached Sulphite Pulp 



INDEX 1937 



Unless otherwise stated tables and charts refer to Canada only. 
Items indexed under the same heading do not necessarily relate to the same period. 

Tables Charts 

Months are indicated by numbers in bold type, pages by italics 

Nickel 

Exports: value by countries, 1926-36 313 313 

volume 413, 715, 1013 413 

Production: volume 116 116 

volume: Canada & world, 1926-36 116 117 

Non-Ferrous Metal Products . 

Imports: value 212, 614, 914, 1214 .... 1214 

Non-Ferrous Metals 

Exports: value 213, 615, 915, 1215 . . . 213, 615, 915 

Exports & Production: volume: Canada & world, 1926-36 . . 116 117 

Production 116 116 

Wholesale Price Index 114, 414 115, 415, 1212 

See also individual metals 

Note Circulation 

Bank of Canada: active Monthly 2 Monthly /, 52 

active & total Monthly 2 52 

Bank of Canada Active & Chartered Bank Monthly 5 13,43,13,92,112,122 

Chartered Bank Monthly 4 

Nuts — See Fruits, Nuts & Vegetables 

o 

Oats — See Agriculture: Grains 

Oil — See Petroleum & Products and Petroleum Oils 

Old Age Pensions 

Dominion Grants-in-Aid: Dominion fiscal years: from 1927/8 to 1937/8 98 

from 1935 . . . 19, 88 

Expenditure by All Governments: provincial fiscal years, from 1927-35 . 68 

P 

Paper — See Newsprint and Wood & Paper 

Passenger Traffic— see Civil Aviation and Railways 

Petroleum & Products 

Imports: value 212, 614, 914, 1214 .... 1214 

value by countries, 1926-36 312 

Petroleum Oils 

Imports: volume 412, 114, 1012 412 

Physical Volume of Business 

Index 116, 410, 510, 610, 112, 810, 

911, 1011, 1114, 1211 

Platinum Metals 

Production: volume: Canada & world, 1926-36 116 117 

Policy Loans (by Life Insurance Companies) 211 211 

Potatoes 

Retail Price Index 3/5, 611, 913 

Power — See Electric Power 

Price Indexes — See individual commodities or groups, or 

Retail Price Indexes and Wholesale Price Indexes 

Prices — See individual commodities or groups, or Retail Price Indexes, 
Security Prices, Wholesale Price Indexes and Wholesale 
Prices 

Production — See individual commodities or products, or Agriculture. 
Electric Power, Manufacturing, and Minerals. See 
also Industrial Activity 

Provincial Debt — See Public Finance 



10 INDEX 1937 

Unless otherwise stated tables and charts refer to Canada only. 
Items indexed under the same heading do not necessarily relate to the same period. 

Tables Charts 

Months are indicated by numbers in bold type, pages by italics. 

Provincial Finance — See Public Finance 
Public Debt — See Public Finance 

Public Finance 

Canadian National Railways — See Canadian National Railways 
Dominion 

Balance at Bank of Canada Monthly 2 Monthly / 

Bonds — See Debt (below) and Government Bonds 

Debt: Direct 28 28 

Funded, Direct: bonds, notes & bills by currency of 

payment, 1926-36 2^ 

Funded, Direct: bonds & notes by cunency of payment, 

1937 78 19 

Guaranteed: total, 1926-36 28 28 

by currency of payment, 1937 . ... 78 19 

Increase or Decrease: direct, 1935/6 & 1936/7 108 

direct, 1925/6 to 1936/7 . .... 3* 39 

direct & g't'd, 1925/6 to 1936/7. . 3<? 

Deficit 19,88 108 

Expenditure 19,38,88 39,108 

Investments 19,38,88 39 

Loans 19, 38, 8<? 39 

New Issues — See Bond Issues 
Refunding Issues — See Bond Issues 
Retirements — See Bond Issues 

Revenue 19,38,88 39,108 

Summary, 1925/6 to 1936/7 38 39 

Surplus 8<? 108 

Treasury Bills — See Treasury Bills 

Dominion & Provinces 

Grants-in-Aid, 1913/4 to 1937/8 

Agricultural Instruction — See also Education . ... 99 

Combating Venereal Disease 99 

Employment Offices Co-ordination 99 

Highways (under Act of 1919) 99 

Old Age Pensions — See also Old Age Pensions . . . 9<? 
Relief — See Dominion Provinces & Municipalities 

Technical Education — See also Education 98 

Total, from 1925/6 to 1936/7 38 

Subsidies (Unconditional): from 1867/8 to 1937/8 . ... 98 

from 1925/6 to 1936/7 . ... 38 

from 1935 19,88 

Dominion Provinces & Municipalities 

Education: Support of Publicly Controlled Schools, 1915-35 

See also Education 5c? 

Old Age Pensions, 1927-35— See also Old Age Pensions . . .68 
Relief, 1930/1 to 1935/6 — See also Dominion: Expenditure, Loans 48 

Municipalities 

New Issues — See Bond Issues 
Refunding Issues — See Bond Issues 

Provinces 

Administration, Legislation & Justice: Expenditure, 1926-35 . . 29 

Bonds Outstanding, 1937 18 19 

Debt — See Gross Liabilities etc., (below) 

Education: Total Expenditure, 1926-35 — See also Education . 29 

Gross Direct Liabilities to Public Less Sinking Funds, 1926-35 .18 18 

New Issues — See Bond Issues 

Refunding Issues — See Bond Issues 

Retirements — See Bond Issues 

Revenue: Gasoline taxes & motor vehicle licences & fees, 1926-36 . 11<? 11<? 

Provinces & Municipalities 

Mothers' Allowances, 1916-35 68 



INDEX 1937 11 

Unless otherwise stated tables and charts refer to Canada only. 
Items indexed under the same heading do not necessarily relate to the same period. 

Tables Charts 

Months are indicated by numbers in bold type, pages by italics. 

Pulp — See Bleached Sulphite Pulp and Newsprint & Wood Pulp 

Purchases & Sales of Securities — See Int. Pur. & Sales of Securities 

Purchasing Power Parity 

Sterling in Canada 613 

U.S. Dollar in Canada 613 

R 

Railways (Steam) 

Carloadings: index by products 911 

loadings: eastern & western divisions 712 

total 410, 510, 610, 712, 810, 911, 

1011, 1114, 1211 

Operating Revenue: gross & net, 1926-36 All 

Revenue Freight Loaded, 1923-36 10/5 10/5 

Traffic: freight & passengers, 1926-36 Ml Ml 

Raw Materials 

Wholesale Price Indexes: Canada 514, 612, 713, 812, 912, 1014, . 514, 1014 

1112, 1212, 
U.S.A 514, 612, 713, 812, 912, 1014, . 514 



1112, 1212 



Refunding Issues — See Bond Issues and Balance of Int. Payments 



Relief 

Expenditures by All Governments, 1930/1 to 1935/6 . ... 48 

Expenditure & Loans by Dominion: 1930/1 to 1936/7 . ... 38 39 

from 1935 19, 88 

Recipients, by types & provinces, 1937 89 89 

Rents 

Index 416 

Retail Merchandise Sales 

Index of Prices 1213 

Index of Volume 1213 

Value 314, 1213 314, 1213 

Retail Price Indexes 

Foods 3/5, 611, 913 3/5, 611, 913 

Total 1213 

See also individual commodities and Cost of Living 

Retail Prices — See Retail Price Indexes 

Retirements — See Bond Issues and Balance of Int. Payments 

Rolling Mill Products 

Imports: value by countries, 1926-36 312 312 

See also Iron & Steel and Tin Plate 

Rubber (Crude) 

Imports: volume 412, 714, 1012 

Rubber & Products 

Imports: value 212, 614, 914, 1214 . . . 1214 

value by countries, 1926-36 312 



Security Prices — See Government Bonds and Stock Exchanges 

Sheep — See Agriculture: Livestock 

Shoes — See Boots & Shoes 

Silver 

Production: volume 116 

volume: Canada & world, 1926-36 716 717 



INDEX 1937 



Unless otherwise stated tables and charts refer to Canada only. 
Items indexed under the same heading do not necessarily relate to the same period. 

Tables Charts 

Months are indicated by numbers in bold type, pages by italics. 

Skins — See Furs & Skins 

Steel 

Production: volume 216, 410, 510, 610, 712, . . .410 

810, 911, 1011, 1114, 1211 

Wholesale Price 214, 515, 813, 1113 

See also Iron & Steel 

Stock Exchanges 

Common Stock Price Indexes, 1936-7 210,310,69,910,1210 . . . 210,310,69,910,1210 

Market Value of Listings, 1936-7 69, 910, 1210 69 

Member Borrowings, 1936-7 210, 69, 910, 1210 .... 210, 69 

Shares Traded: value and/or volume, 1936-7 210,69,910,1210 ... 69 

Stock Prices — See Stock Exchanges 

Subsidies (Unconditional) 

From 1867/8 to 1937/8 . . . . • 98 

From 1925/6 to 1936/7 3<? 

From 1935 19,88 

Subventions — See Grants-In-Aid 

Sugar 

Imports: volume 412, 714, 1012 

Production: volume 216 

Retail Price Index 315, 611, 913 

Wholesale Price 214, 515, 813 

Sugar & Products 

Imports: value 212, 614, 914, 1214 . . 1214 

Sulphite 

Bleached Sulphite Pulp: Wholesale Price 1113 1113 



Tea 

Imports: volume 412, 714, 1012 412 

Retail Price Index 3/5, 611, 913 

Textiles & Fibres 

Imports: value 212, 614, 914, 1214 . . . 212, 614, 1214 

Wholesale Price Index 114, 414 

Timber (British Columbia) 

Production: volume 216 216 

Tin Plate 

Imports: volume 412, 714, 1012 

See also Rolling Mill Products 

Toronto Stock Exchange (incl. Curb Market) — See Stock Exchanges 

Tourist Trade (International) 

Net Receipts, 1927-36 IIP 

Receipts & Expenditures, 1935-6 59 

Trade — See External Trade and Retail Merchandise Sales 

Treasury Bills 

Can., U.K. & U.S.A.— average yield of successful tenders . . .16, 37, 47, 57, 77, 87, 107, 127 

Dominion Government: amount outstanding, 1936-7 .... 110, 109 76 

amount sold, 1936 110 

average yield of successful tenders . .16, 37, 47, 57, 77, 87, 107, 127 17, 26, 36, 76, 86, 

96, 126 
Trucks — See Automobiles & Trucks, Motor Truck Registrations, 
and Motor Vehicle Licences & Fees 



KDEX 1937 

Unless otherwise stated tables and charts refer to Canada only. 
Items indexed under the same heading do not necessarily relate to the same period. 

Tables Charts 

V Months are indicated by numbers in bold type, pages by italics. 

Vegetables — See Fruits, Nuts & Vegetables. 

Vegetable Products 

Wholesale Price Index 114, 414 

See also Agriculture 

Visible Trade Items 

Balance, 1927-36 IIP 

Gross Items, 1935-6 59 



13 



w 



Wage Rates 

Indexes by Industries 



417 



Wheat 

Canada: exports — see Wheat & Flour 

production: value & volume, 1926-36 

statistical position, from 1924/5 to 1936/7 .... 

wholesale prices 

Canada, by regions: acreage, value & volume of production, 1911-37 
Chief Exporters: statistical position, 1927/8 to 1937/8 
Chief Exporters & Importers: average yield per acre, 1909-36 

Wheat & Flour 

Exports: volume 

International Shipments: volume, from 1924/5 

See also Flour and Grains & Milled Products 



616 . 
117 . 

214, 515, 813, 1113 

1016, 1017 

816 

617 . 



117, 413, 715, 816, 1013 
317 



417 



616 
817 
214, 515 



617 



117, 413, 817 
317 



Wheat Flour — See Flour 



Wholesale Price Indexes 

Canada 114, 315, 414, 514, 611, 612, 

713, 812, 912, 913, 1014, 

1112, 1212 
U.K 114, 414, 612, 713, 812, 912, . 

1014, 1112, 1212 
U.S.A 114, 414, 514, 612, 713, 812, 

912, 1014, 1112, 1212 
See also individual commodity groups 

Wholesale Prices 

Chief Commodities 214, 515, 813, 1113 

See also individual commodities 



1/5, 315, 415, 514, 611, 
612, 616, 713, 812, 813, 
912, 1014, 1112, 1212 
115, 415, 612, 713, 
812, 1112 
115, 415, 514, 612, 
713, 812, 1112 



214, 515, 813, 1113, 1114 



Wood & Paper 

Wholesale Price Index 114, 414 

See also Lumber and Newsprint 

Wood Pulp — See Bleached Sulphite Pulp and Newsprint & Wood Pulp 

Wool (Raw) 

Imports: volume 412, 714, 1012 

Wool Products 

Imports: value by countries, 1926-36 312 



Zinc 



Exports & Production: volume: Canada & world, 1926-36 
Production: volume 



716 
116 



717 
116 



r 
lb 



TAT1STICAL SUMMARY 



BANK OF CANADA 




JANUARY 1937 






TABLE OF CONTENTS 

Tables Charts 
Page Page 

I Bank of Canada 2-3 1 

II Chartered Banks 4-5 2-5 

III Security Prices: 

1 . Canada, U. K. and U. S. A. — Government Securities . 6 6 

2. Canadian Government Securities 7 7 

IV Public Finance: 

1. Provincial Debt 8 8 

2. Dominion of Canada 9 

V Capital Issues 10 

VI International Purchases and Sales of Securities . .10 

VII Foreign Exchange Rates 11 11 

VIII External Trade : 

1. Exports 12 12 

2. Imports 13 13 

IX Commodity Price and Cost of Living Indexes: 

1. Canada 14 15 

2. U. K. and U. S. A 14 15 

X Production — Minerals 16 16 

XI Wheat 17 17 



Subscription $3.00 a year, post free. For particulars apply to the Research Department, Bank of 
Canada, Ottawa. 



JANUARY 1937 



MILLIONS OF DOLLARS. 



400 




BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 

MILLIONS OF DOLLARS. 

400 



350 



300 



250 



200 



150 



100 



50 



BANK OF CANADA ASSETS 

J&v OTHER ASSETS A8&f\r\/ 






SECURITIES <XX5 








RESERVE §K§||$ 


- 

















1935 



1936 



1937 



Millions of Dollars 



JANUARY 1937 

I— BAIN 







LIABILITIES 










Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Total 




Notes 
In Tills 


Deposits 

at 
B. of C. 


Total 


Assets 
or 
Liabiliti 


Average of 
Wednesday Figures 


















1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


0.7 


48.9 


6.8 


294.0 


1936-12 Mths. 


— 


184.7 


— 


22.5 


1.0 


— 


9.3 


322.0 


1935— Dec. 


37.6 


185.0 


222.6 


31.7 


1.2 


57.7 


5.7 


318.9 


1936— Jan. 


39.2 


176.8 


216.0 


31.7 


1.2 


53.1 


5.7 


307.7 


Feb 


35.6 


181.7 


217.3 


25.1 


1.1 


51.1 


6.0 


300.6 


Mar. 


33.8 


185.9 


219.7 


23.2 


1.7 


51.7 


6.2 


302.5 


Apr. 


35.5 


185.5 


221.0 


22.0 


1.0 


54.9 


7.6 


306.5 


May 


36.7 


187.1 


223.8 


25.8 


0.9 


55.2 


7.4 


313.1 


June 


36.9 


186.9 


223.8 


25.5 


1.1 


57.5 


7.8 


315.7 


July 


39.1 


186.6 


225.7 


16.2 


0.6 


60.7 


7.3 


310.5 


Aug. 


38.9 


184.6 


223.5 


23.6 


0.8 


64.0 


8.5 


320.4 


Sept. 


45.6 


172.6 


218.2 


16.1 


0.4 


75.0 


11.6 


321.3 


Oct. 


50.0 


177.5 


227.5 


16.2 


0.2 


80.7 


13.5 


338.1 


Nov. 


47.9 


199.1 


247.0 


20.8 


0.7 


80.9 


16.2 


365.6 


Dec. 


46.2 


192.0 


238.2 


24.1 


2.1 


83.5 


14.1 


362.0 


Wednesdays 


















1937— Jan. 6 


52.2 a) 


187.2 


239.4 1 


20.1 


2.4 


82. 6 m 


13.4 


357.9 


Jan. 13 


52. 9'" 


188.8 


241.7 u 


19.1 


2.2 


78. 3 m 


13.1 


354.4 


Jan. 20 


51.9 ,u 


190.9 


242.8" 


24.2 


1.8 


76.8" 1 


12.7 


358.3 



(l> Estimates. 



MILLIONS OF DOLLARS 

250 



CANADIAN CHARTERED BANKS : CASH IN CANADA 

MONTHLY AVERAGE OF DAILY FIGURES 



MILLIONS 



OF DOLLARS 

250 




1926 



1927 



1923 



1929 



1932 



1933 



1934 



1938 1939 



1940 



JANUARY 1937 



IANADA 



Millions of Dollars 



ASSETS 




Reserve 


Securities 


Advances 


All 

Other 

Accounts 




( Id 


Silver 


Foreign 
Currencies 


Dom.-Prov. 
Short 


Dom -Prov. 
Long 


Other 


Banks 


Dominion 
Govt. 


Prov. 
Govts. 
























Average of 






















Wednesday Figures 


6 


1.4 


10.3 


25.6 


94.0 


- 


0.1 


4.0 


- 


4.0 


1935- 9Mths. 


7 


1.8 


11.4 


37.0 


86.3 


— 


— 


0.2 


1.5 


4.1 


1936-12Mths. 


2 


1.5 


11.6 


35.6 


83.4 






2.2 


_ 


3.4 


Dec— 1935 


7 


1.6 


11.3 


26.8 


82.7 


- 


- 


2.2 


- 


3.4 


Jan. — 1936 


4 


1.5 


8.8 


23.9 


81.8 


- 


- 


- 


- 


4.2 


Feb. 


2 


1.6 


9.5 


26.4 


82.3 


- 


- 


- 


- 


2.5 


Mar. 


3 


1.6 


11.1 


27.6 


82.0 


- 


- 


- 


- 


3.9 


Apr. 


8 


1.7 


13.3 


29.9 


81.3 


- 


- 


- 


2.0 


5.1 


May 


9 


1.7 


15.8 


28.5 


82.7 


- 


0.2 


- 


3.0 


3.9 


June 


8 


1.8 


10.3 


30.0 


82.0 


- 


- 


- 


3.0 


3.6 


July 


4 


1.8 


18.9 


31.3 


80.4 


- 


- 


- 


3.0 


5.6 


Aug. 


4 


1.9 


5.3 


42.3 


86.3 


- 


- 


- 


3.0 


3.1 


Sept. 


4 


1.9 


5.1 


51.8 


93.7 


- 


- 


- 


3.0 


3.2 


Oct. 


2 


2.0 


12.3 


63.0 


100.7 


— 


— 


— 


1.0 


7.4 


Nov. 


3 


2.0 


14.6 


62.2 


99.5 


— 


— 


— 


— 


4.4 


Dec. 

Wednesdays 


4 


2.3 


9.4 


63.1 


98.6 


- 


- 


- 


- 


5.1 


Jan. 6-1937 


4 


2.3 


9.6 


61.5 


98.1 


- 


- 


- 


- 


3.5 


Jan. 13 


.5 


2.2 


14.0 


61.0 


97.9 


— 


— 


— 


— 


3.7 


Jan. 20 



MILLIONS OF DOLLARS 



CANADA : ACTIVE NOTE CIRCULATION. 

CHARTERED BANK AND ACTIVE DOMINION OR BANK OF CANADA NOTES 
MONTHLY AVERAGE OF DAILY FIGURES 



MILLIONS OF DOLLARS 




©26 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 



Millions of Dollars 



JANUARY 1937 
II— CANADIAN CH^ 

Bank; 









LIABILITIES 










Notes 


Deposits 


Cash 

in Conada 


Security 




Demand 


Time 


Dom. 
and Prov. 


Foreign 


Total 
Deposits'" 


Dom. 
and Prov. 


Other 


Average of 


















- 


Month-end Figures 




















1926 


169 


553 


1,341 


53 


330 


2,333 


197 


344 


189 


1929 


178 


696 


1,480 


102 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


312 


2,322 


186 


490 


206 


1935 


126 


569 


1,445 


65 


348 


2,476 


216 


861 


183 


1936 


119 


618 


1,518 


77 


401 


2,668 


225 


1.075 


256 


End of 




















1935— Dec. 


119 


641 


1,486 


53 


380 


2,609 


222 


956 


199 


1936— Jan. 


117 


576 


1,499 


69 


381 


2,573 


213 


994 


213 


Feb. 


124 


534 


1,517 


101 


396 


2,596 


218 


1,041 


224 


Mar. 


124 


569 


1,532 


96 


414 


2,644 


221 


1,071 


244 


Apr. 


120 


622 


1,536 


71 


392 


2,676 


222 


1,077 


237 


May 


123 


578 


1,527 


88 


391 


2,633 


219 


1,081 


264 


June 


123 


622 


1,505 


80 


389 


2,656 


224 


1,084 


284 


July 


119 


619 


1,494 


62 


376 


2,606 


222 


1,088 


269 


Aug. 


124 


626 


1,503 


46 


428 


2,657 


219 


1,084 


271 


Sept. 


116 


648 


1,501 


114 


406 


2,727 


221 


1,107 


273 


Oct. 


118 


664 


1,510 


86 


409 


2,723 


227 


1,097 


266 


Nov. 


116 


680 


1,547 


42 


415 


2,734 


259 


1,059 


257 


Dec. 


109 


682 


1,548 


72 


418 


2,773 


235 


1,116 


268 



' i ' Including inter-bank deposits. 

<2>Until Mar. 1935 Consists of Gold and Coin In Canada, Dominion Notes and "Free" C.G.R. deposits. After that date i9 B. of C. Note9 and Deposits. 



CANADIAN CHARTERED BANKS : INVESTMENTS 



MILLIONS OF DOLLARS 

1500 



1200 



MONTH-END FIGURES 



MILLIONS OF DOLLARS 

1500 




1926 



1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 



938 1939 1940 



JANUARY 1937 










USD BANKS 

1 1 






ASSETS 




Loans 


Total 

Assets 


al 


Canada 


Foreign 




Call 


Current 


Call 


Current 


33 


140 


1,021 


250 


261 


2,864 


99 


267 


1,455 


301 


248 


3,528 


96 


117 


1,197 


84 


172 


2,869 


44 


82 


963 


72 


146 


2,957 


31 


93 


819 


64 


150 


3,145 


55 


83 


945 


65 


145 


3,079 


07 


78 


874 


59 


145 


3,042 


65 


78 


869 


62 


146 


3,073 


15 


77 


864 


70 


140 


3,143 


14 


83 


862 


66 


142 


3,154 


45 


87 


828 


58 


145 


3,108 


68 


91 


777 


64 


150 


3,135 


157 


91 


768 


58 


147 


3,084 


;55 


91 


776 


59 


155 


3,141 


!80 


105 


807 


60 


156 


3,205 


163 


109 


816 


66 


160 


3,202 


.16 


116 


800 


75 


156 


3,206 


.84 


114 


791 


75 


162 


3,242 



Millions of Dollars 



Cash 
in 


Ratio of 

Cash to 

Deposits in 


Total 

Active 

Note 

Circulation 




Canada* 2 ' 


Canada 

% 










Average of 








Daily Figures 


192 


9.8 


195 


1926 


191 


8.3 


205 


1929 


172 


8.8 


158 


1932 


213 


10. 1 


169 


1935 


225 


10.2 


182 


1936 


222 


10.3 


183 


Dec— 1935 


216 


10.1 


165 


Jan.— 1936 


217 


10.1 


167 


Feb. 


219 


10.0 


171 


Mar. 


220 


10.0 


175 


Apr. 


223 


10.0 


175 


May 


224 


10.2 


176 


June 


225 


10.3 


178 


July 


221 


10.2 


184 


Aug. 


219 


9.8 


195 


Sept. 


227 


10.0 


197 


Oct. 


247 


10.9 


194 


Nov. 


238 


10.4 


200 


Dec. 



CANADIAN CHARTERED BANKS XURRENT AND CALL LOANS IN CANADA 



MILLIONS OF DOLLARS 

400, 



MONTH-END FIGURES 



MILLIONS OF DOLLARS 

400 



1600 




1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1338 1939 1910 



JANUARY 1937 



III SECURITY PRICES 

Bank of Canada 









Government Bonds" 






Treasury Bill Tenders'" 






Middle Frices and Yields 












Can 


ada 


U. 


K. 


U.S.A. 


Canada 


U.K. 


U.S.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 


3 Months 


3 Months 


9 Months 


Average of Working 




















days 




















1935 Dec. 


102.65 


3.47 


106.33 


3.08 


101.25 


2.84 


1.249 


.725 


.087 


1936— Jan. 


103.31 


3.40 


106.33 


3.08 


101.69 


2.81 


1.159 


.523 


.100 


Feb. 


103.88 


3.34 


106.53 


3.07 


102.02 


2.78 


1.055 


.518 


.078 


Mar. 


104.23 


3.31 


106.10 


3.10 


102.71 


2.73 


.999 


.538 


.104 


Apr. 


104.51 


3.29 


106.72 


3.05 


103.11 


2.70 


.879 


.528 


.100 


May 


104.80 


3.26 


106.54 


3.06 


103.33 


2.68 


.896 


.525 


.181 


June 


105.60 


3.19 


105.90 


3.10 


103.18 


2.69 


.838 


.904 


.242 


July 


106.75 


3.09 


106.19 


3.08 


103.34 


2.68 


.757 


.581 


.071 


Aug. 


107.99 


2.97 


106.53 


3.06 


103.88 


2.64 


.689 


.526 


.194 


Sept. 


107.65 


3.00 


107.01 


3.03 


104.12 


2.62 


.643 


.520 


.146 


Oct. 


105.95 


3.15 


107.21 


3.01 


103.87 


2.64 


.702 


.539 


.141 


Nov. 


106.40 


3.11 


106.96 


3.02 


105.00 


2.56 


.749 


.526 


.101 


Dec. 


107.01 


3.05 


105.68 


3.11 


105.17 


2.55 


.747 


.906 


.117 


1937— Jan. 1-20 


106.75 


3.07 


105.22 


3.14 


105.61 


2.51 


.747 


.526 


.345 



(DAverage of two long term issues noted on chart below. United Kingdom issues which are quoted on a "flat" basis are adjusted to an "and 

interest" basis. 
Q'Yield of issue sold on (or nearest date to) 15th of each month. 



COMPARATIVE TRENDS OF LONG TERM DOMESTIC GOVERNMENT BOND YIELDS-1936. 



25% 




M*«CH APRIL 



JANUARY 1937 



III— SECURITY PRICES 

Bank of Canada 



Dominion of Canada Bonds Payable in Canada Only 
Middle Prices and Yields 





i l A%due Nov. 1, 


3% due 


June 1, 


5% due 


Oct. 15 


2 l A% dm 


: June 1, 


2% due Nov. 15, 




1948-58 


1950-55 


1943 


1943 


1939 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Average of working 

days 

1935— Dec. 






















107.38 


3.77 


97.91 


3.16 


111.33 


3.34 


100.20 


2.47 


100.05 


1.99 


1936— Jan. 


108.33 


3.68 


98.28 


3.12 


112.51 


3.17 


101.48 


2.28 


100.56 


1.85 


Feb. 


109.64 


3.55 


98.12 


3.13 


113.88 


2.96 


102.21 


2.17 


101.18 


1.67 


Mar. 


110.19 


3.50 


98.26 


3.12 


114.25 


2.89 


102.40 


2.14 


101.61 


1.55 


Apr. 


110.26 


3.49 


98.75 


3.09 


114.36 


2.86 


102.51 


2.12 


101.50 


1.57 


May 


110.45 


3.46 


99.15 


3.06 


114.63 


2.80 


102.64 


2.09 


101.65 


1.52 


June 


111.59 


3.35 


99.61 


3.03 


115.36 


2.68 


103.03 


2.03 


102.05 


1.38 


July 


112.43 


3.27 


101.07 


2.91 


115.95 


2.57 


103.30 


1.98 


102.43 


1.25 


Aug. 


113.54 


3.16 


102.43 


2.79 


116.52 


2.47 


103.76 


1.91 


102.84 


1.10 


Sept. 


113.71 


3.13 


101.59 


2.86 


116.55 


2.44 


103.89 


1.88 


102.89 


1.07 


Oct. 


111.88 


3.30 


100.01 


3.00 


114.28 


2.74 


102.56 


2.09 


102.24 


1.26 


Nov. 


112.30 


3.25 


100.49 


2.96 


114.47 


2.69 


101.97 


2.18 


102.01 


1.31 


Dec. 


112.81 


3.20 


101.21 


2.89 


114.88 


2.61 


102.45 


2.09 


102.01 


1.30 


1937-Jan. 1-20 


112.68 


3.20 


100.82 


2.93 


114.72 


2.61 


102.25 


2.12 


101.92 


1.31 



060% 



100% 



(40% 



180% 



220% 



2 60% 



300% 



340% 



DOMINION OF CANADA DOMESTIC BOND YIELDS -1936 



0-60% 



100% 



40% 



180% 



220% 



260% 



3 00% 



3 40% 



#> H i 



3-80% 



TREASURY BILL TENDERS 




5% DUE OCT 15.1943 



3^ C 



^ 



{P 



^x=&°** P \ 



■U 3°/bDUE JUNE I.I95Q-55 




I '/ ; °/o DUE NOV 1. 1948-58 9-M&^k&^^ m \ 



1* + ^+—+*-' 



^r 






£*3\ 






MN FE6 MARCH APRIL MAY JUNE JULY AUG $EPT pCT, NOV DEC 



JANUARY 1937 



Millions of Dollars. 



IV— PUBLIC FINANCE 

PROVINCIAL DEBT 

Gross Direct Liabilities to Public Less Sinking Funds 

Compiled from Provincial Public Accounts 





P.E.I. 


| N.S. 


N.B. 


Que. 


Ont. 


Man. 


Sask. 


Alta. 


B.C. 


Total 


Year"' 










Provincia 


Debt 










1925 


2.0 


38.6 


35.4 


91.4 


337.1 


71.4 


55.5 


91.9 


90.1 


813.4 


1926 


2.0 


39.6 


36.9 


92.5 


353.6 


71.8 


55.8 


98.3 


91.1 


841.6 


1927 


2.2 


42.5 


38.5 


91.1 


369.0 


72.6 


56.8 


104.8 


93.7 


871.2 


1928 


2.4 


45.2 


42.3 


90.1 


393.7 


76.3 


64.2 


109.6 


100.2 


924.0 


1929 


2.6 


50.8 


42.6 


87.4 


426.4 


80.7 


73.1 


118.4 


108.8 


990.8 


1930 


2.8 


57.2 


49.8 


83.8 


472.8 


86.4 


93.5 


127.0 


122.0 


1,095.3 


1931 


3.3 


61.6 


55.5 


86.7 


519.9 


98.3 


130.6 


145.4 


135.8 


1,237.1 


1932 


3.6 


62.7 


57.0 


106.3 


573.7 


105.2 


139.2 


150.8 


138.5 


1,337.0 


1933 


3.9 


69.5 


58.6 


126.2 


593.4 


105.8 


148.1 


150.5 


142.2 


1,398.2 


1934 


4.3 


74.3 


60.5 


143.9 


656.2 


108.4 


168.7 


157.6 


149.4 


1,523.3 


1935 


5.2 


81.1 


64.9 


163.9 


688.8 


111.0 


183.4 


165.6 


158.2 


1,622.1 











Increase or 


Decrease( - 


■)in Provini 


ial Debt 








1925-29 


25% 


31% 


20% 


-4% 


27% 


13% 


32% 


29% 


21% 


22% 


1929-32 


42% 


23% 


34% 


22% 


35% 


30% 


90% 


27% 


27% 


35% 


1932-35 


44% 


29% 


14% 


54% 


20% 


5% 


32% 


10% 


14% 


21% 


1925-35 


155% 


110% 


84% 


79% 


104% 


55% 


231% 


80% 


76% 


99% 



1926 
1929 
1932 
1935 



Provincial Debt as a ratio of the Year's Revenue 



235% 
244% 
302% 
381% 



690% 
688% 
692% 
815% 



794%, 
621% 
918% 
951% 



339% 
219% 

272% 
465% 



671% 
664% 
828% 
852% 



637% 

575% 
847% 
761% 



444% 

468%, 

818% 

l,1057 



779% 
679% 
952% 
984% 



420%, 
440%, 
648% 
598% 



563% 
518% 
698% 

777%, 



U> Figures are for the respective fiscal year-ends of the provinces and are shown opposite the nearest calendar year-end. 

PROVINCIAL DEBT 

MILL I O NS Or DOLLARS 

1600- 



1200 




Debt of each province 


as percentage of total for all provinces 


PEI — + it S^~~ 

/\\ BC 


ALTA . 7\ 


A,Ns\ 




/. NIB\ \ 


/ SASK \ 


1 QUE ^ 1 

I ^~~ ___-— -— "^^^-— ^_ MAN! 1 


\ ONIT / 



1925 '26 "27 "28 '29 '30 '31 '32 '33 '34 '35 



1200% 



800% 



400% 



1200% 



&00% 



400% 



PROVINCIAL DSPT. AS A RATIO Of THE YEARS ORDINARY REVENUE 





JANUARY 1937 



Millions of Dollars 



IV— PUBLIC FINANCE 

DOMINION OF CANADA 

Compiled from Monthly Statement of the Comptroller 
of the Treasury, Public Accounts and Budget Speeches 



Month of December 
Cash Basis 



1936 1 " 



1935 



Change 



12 Months ending December 

Adjusted Accounting 
Basis 



1936"' 



1935 



Change 



Receipts 

Income Tax 

Excise Taxes 

Excise Duties 

Customs Import Duties 

Post Office Department 

All Other Ordinary Revenue. 



Total Ordinary Revenue. 
Special Receipts 

Total Receipts 



Expenditure 

Public Debt Charges 

Subsidies and Grants to Provinces 

Department of National Defence 

Department of Pensions and Nat. Health. 

Old Age Pensions 

Post Office Department 

Department of Public Works 

All Other Ordinary Expenditure 



Total Ordinary Expenditure. 



Canadian National Railways Deficit 

Relief Projects and Grants 

All Other Special Expenditure 

Capital Expenditure and Non-Active Loans 

Total Expenditures 



Deficit (Expenditures less Receipts). 



Investments (Classed as Active) 

Loans to Provinces (under Relief Act) 

Loans to C.N. R. (under Refunding Act, etc.) 

Loans to Railways (re Equipment, etc.) 

Advances to Canadian Farm Loan Board . . . 
Loans (under Dom. Housing Act of 1935). . . 
Certain Other Investments 



Total Investments, 



ToTALNetDisbursem'ts(Deficit pluslnvestm'ts) 



3.9 
14.1 
4.0 
7.1 
4.6 
2.5 



36.2 



36.2 



9.8 

1.7 
4.6 

2.7 
1.9 
6.3 



27.0 

6.0 

7.4 

.1 

1.7 



42.2 



6.0 



2.0 



1.2 
.2 



3.4 



9.4 



3.6 
10.3 
4.2 
5.3 
4.6 
2.0 



+ 9% 
+ 38% 
- 7% 
+ 34% 

+ 25% 



30.0 



+ 21% 



30.0 



+ 21% 



7.5 

1.4 
4.6 

2.6 
1.4 
6.4 



+ 30% 

+ 24% 

+ 1% 

+ 4% 
+ 34% 
- /% 



23.9 

11.0 

7.9 



+ 13% 

- 45% 

- 6% 
+ 50% 
+ 102% 



43.6 



- 3% 



13.6 



- 56% 



3.8 

20.0 

.9 

1.1 



25.8 



39.4 



- 76% 



101.0 
138.5 
44.8 
79.0 
33.5 
26.2 12 ' 



85.9 
111.3 
44.3 
75.9 
32.1 
23.0' 2 



423.0 

1.8° 



372.5 

3.4' 



424.8 



375.9 



139.1 
17.7 
19.4 
55.6 
17.3 
31.9 
14.1 
85.2 



136.2 
17.0 
15.5 
55.1 
15.7 
31.1 
12.0 
80.1 



380.3 

39.4 

77.5 
24. 8 m 
7.1 



362.7 

47.2 
77.6 
.6 2) 
7.9 



529.1 



496.0 



104.3 



120.1 



22.1 

■32.8 

8.6 

11.7 
.9 

6.5 (2) 



24.3 

82.6 

1.9 

4.3 



17.0 



113.6 



121.3 



233.7 



+ /«% 

+24% 
+ 1% 
+ 4% 
+ 4% 
+ l4'7o 



+14% 



+13% 



+ 2% 
+ 4% 
+25% 
+ 1% 
+ 10% 
+ 3% 
+ 18% 
+ 6% 



+ 5% 
-17% 

-10% 



+ 7% 



13% 



-48% 



<i) Preliminary. 

(2) These figures may not be properly comparable with those of previous or subsequent years since they contain certain items of an extraordinary 
or non-recurring character. 



10 



JANUARY 1937 



Millions of Dollars 



V— CAPITAL ISSUES 

Bank of Canada 





Dominion 
Treasury Bills 




Amount 
Sold 


Total at end 
of month 


1935 
Dec. 




92.7" 


1936 
Jan. 
Feb. 
Mar. 


50 
50 

20 


120 
120 
120 


Apr. 
May 
June 


50 
50 

20 


120 
120 
120 


July 
Aug. 
Sept. 


50 
50 
20 


120 
120 
120 


Oct. 

Nov. 

Dec. 


50 
55 
70 


120 
125 
150 


Total 


535 





Bond Issues' 


Dom. &C.N.R. 


Provinces 
and H.E.PC.O. 


Municipalities 
and Religious 


Corporations 


Total 








Corporations 










New 


Refund. 


New 


Refund. 


NewU) 


Refund.W 


New 


Refund 


New(2) 


Refund (2) 




88.0 


.4 




1.6 


.7 




27.0 


2.0 


115.7 


80.0 


— 


5.0 


13.1 


6.4 


2.0 


3.4 


28.6 


94.8 


43.1 


— 


— 


— 


.5 


.8 


11.3 


42.0 


23.8 


42.8 


35.6 


— 


— 








.5 


.7 


2.0 


18.0 


2.5 


18.7 


— 


— 


4.6 


11.2 


7.3 


1.7 


— 


.8 


11.9 


13.7 


20.0 


114.7 


2.6 


2.8 


.9 


1.8 


.7 


.5 


24.2 


119.8 


_j 











1.5 


.9 


.1 


13.7 


1.6 


14.6 


— 


— 


— 


— 


1.2 


2.2 


3.0 


1.3 


4.2 


3.5 


26.8 


73.2 


— 


— 


.1 


.1 


— 


32.3 


26.9 


105.6 








18.8 


37.8 


.6 


.4 


1.3 


10.7 


20.7 


48.9 


— 


— 


— 


— 


1.2 


.5 


1.8 


1.4 


3.0 


1.9 


— 


— 


2.1 


23.3 


1.0 


.7 


4.2 


15.4 


7.3 


39.4 


126.8 


275.9 


33.5 


88.7 


23.1 


23.0 


58.5 


173.5 


241.9 


561.1 



(l> Subject to revision. 

(2) It has been impossible to classify issues totalling $5.5 mm. in 1936 between new money and refunding, and such issues have been arbitrarily divided 

half and half, or approximately in the same proportions as the known issues. 

(3) A $15 million Treasury Bill issue matured on December 31, 1935, and was not renewed until Jan. 2, 1936. 



VI— CANADA: INTERNATIONAL PURCHASES AND SALES OF SECURITIES 

Dominion Bureau of Statistics 





Total 
Sales 


Total 
Purchases 


Net Sales 


United States 


United Kingdom 


Other Countries 




or 
Net 


Sales 


Purchases 


Sales 


Purchases 


Sales 


Purchases 








Purchases 


to 


From 


To 


From 


To 


From 


1933 


288.8 


237.7 


51.1 


205.7 


202.9 


80.8 


27.6 


2.3 


7.2 


1934 


321.2 


312.3 


8.9 


216.0 


284.2 


102.1 


23.8 


3.1 


4.3 


1935 


301.8 


250.7 


51.1 


268.2 


200.7 


31.0 


44.1 


2.6 


5.9 


1935— Nov. 


30.5 


23.1 


7.4 


27.7 


18.5 


2.5 


4.1 


.3 


.5 


Dec. 


36.5 


27.8 


8.7 


30.2 


24.3 


6.2 


3.1 


.1 


.4 


1936— Jan. 


56.5 


32.6 


23.9 


45.2 


29.0 


11.1 


3.1 


.2 


.5 


Feb. 


42.5 


32.0 


10.5 


36.2 


28.3 


6.0 


3.5 


.3 


.2 


Mar. 


29.2 


24.9 


4.3 


24.4 


20.0 


4.1 


4.6 


.7 


.3 


Apr. 


20.2 


19.7 


0.5 


16.8 


15.4 


2.7 


3.3 


.7 


1.0 


May 


17.0 


21.7 


4.7 


12.1 


15.3 


4.4 


5.7 


.5 


.7 


June 


20.4 


22.5 


2.1 


17.3 


19.2 


2.5 


2.5 


.6 


.8 


July 


21.7 


29.2 


7.5 


18.8 


25.4 


1.9 


3.5 


1.0 


.3 


Aug. 


23.9 


32.6 


8.7 


21.5 


29.6 


1.6 


2.6 


.8 


.4 


Sept. 


30.5 


34.2 


3.7 


24.1 


27.3 


5.3 


6.2 


1.1 


.7 


Oct. 


38.9 


50.4 


11.5 


25.8 


42.8 


10.9 


6.2 


2.2 


1.4 


Nov. 


69.6 


56.2 


13.4 


56.8 


47.6 


10.2 


7.5 


2.6 


1.1 



ANUARY 1937 



11 



Cents per unit 



VII— FOREIGN EXCHANGE RATES 

Federal Reserve Bulletin and Bank of Canada 





Sterling in 
Canada 


U.S. Dollar 
in Canada 


Can. Dollar 
in New York 


Sterling in 
New York 


French Franc 
in New York 


Average of All 
Working Days 

1930 


486.98 


Premium 

or Discount 

% 

+ 0.07 


100.16 


Premium 

or Discount 

% 

+ 0.16 


99.84 


Premium 

or Discount 

% 

- 0.16 


486.21 


Premium 

or Discount 

% 

- 0.09 


3.93 


Premium 

or Discount 

% 
+ 0.25 


1931 


470.80 


- 3.26 


103.81 


+ 3.81 


96.33 


- 3.67 


453.50 


- 6.82 


3.92 


Par 


1932 


398.01 


-18.21 


113.52 


+ 13.52 


88.09 


-11.91 


350.61 


-27.96 


3.93 


+ 0.25 


1933 


460.73 


- 5.33 


108.74 


+ 8.74 


91.96 


- 8.04 


423.68 


-12.94 


5.03 


+28.32 


1934 


489.91 


+ 2.52 


99.00 


- 1.00 


101.01 


+ 1.01 


503.93 


+ 3.55 


6.57 


+67.60 


1935 


492.67 


+ 1.24 


100.50 


+ 0.50 


99.49 


- 0.51 


490.18 


+ 0.72 


6.60 


+68.37 


1936 


497.45 


+ 2.22 


100.06 


+ 0.06 


99.94 


- 0.06 


497.04 


+ 2.13 


6.12 


+56.12 


1935— Dec. 


497.57 


+ 2.24 


100.94 


+ 0.94 


99.06 


- 0.94 


492.88 


+ 1.28 


6.60 


+68.37 


1936— Jan. 


496.66 


+ 2.06 


100.04 


+ 0.04 


99.96 


- 0.04 


496.27 


+ 1.97 


6.63 


+69.13 


Feb. 


499.41 


+ 2.62 


99.86 


- 0.14 


100.14 


+ 0.14 


500.05 


+ 2.75 


6.68 


+70.41 


Mar. 


497.83 


+ 2.30 


100.13 


+ 0.13 


99.87 


- 0.13 


497.07 


+ 2.14 


6.63 


+69.13 


Apr. 


496.73 


+ 2.07 


100.47 


+ 0.47 


99.53 


- 0.47 


494.27 


+ 1.56 


6.59 


+68.11 


May 


497.98 


+ 2.33 


100.18 


+ 0.18 


99.82 


- 0.18 


496.97 


+ 2.12 


6.59 


+68.11 


June 


503.28 


+ 3.42 


100.26 


+ 0.26 


99.74 


- 0.26 


501.92 


+ 3.13 


6.59 


+68.11 


July 


502.68 


+ 3.29 


100.08 


+ 0.08 


99.92 


- 0.08 


502.25 


+ 3.20 


6.62 


+68.88 


Aug. 


502.65 


+ 3.29 


100.01 


+ 0.01 


99.99 


- 0.01 


502.59 


+ 3.27 


6.59 


+68.11 


Sept. 


503.90 


+ 3.54 


99.97 


- 0.03 


100.03 


+ 0.03 


503.63 


+ 3.49 


6.51 


+66.07 


Oct. 


489.72 


+ 0.63 


99.97 


- 0.03 


100.03 


+ 0.03 


489.84 


+ 0.66 


4.67 


+ 19.13 


Nov. 


488.17 


+ 0.31 


99.86 


- 0.14 


100.14 


+ 0.14 


488.85 


+ 0.45 


4.65 


+ 18.62 


Dec. 


490.42 


+ 0.77 


99.93 


- 0.07 


100.07 


+ 0.07 


490.78 


+ 0.85 


4.67 


+ 19.13 


Week Ending 






















1937— Jan. 9 


491.08 


+ 0.91 


99.98 


- 0.02 


100.02 


+ 0.02 


491.19 


+ 0.93 


4.67 


+ 19.13 


16 


491.22 


+ 0.94 


100.02 


+ 0.02 


99.98 


- 0.02 


491.11 


+ 0.92 


4.67 


+ 19.13 


23 


491.04 


+ 0.90 


100.08 


+ 0.08 


99.92 


- 0.08 


490.64 


+ 0.82 


4.67 


+ 19.13 



+15% 



+10% 



POUND STERLING AND U.S. DOLLAR IN MONTREAL. 

PtRCENTAGE PREMIUM OR DISCOUNT 

+4%r 



+4% 



+3% 



+2% 




1926 '27 '28 '29 '30 '31 '32 '33 '34 '35 '36 



"1% 



12 



JANUARY 19.?7 



Millions of Dollars 



VIII— EXTERNAL TRADE OF CANADA 
MERCHANDISE EXPORTS 

Dominion Bureau of Statistics 















Total 








Merchandise 




Non-Monetary Gold 


Exports 
including 

Non- 
Monetary 




To 


Total 
Mer- 
chandise 


To 


















Net Gold 


Gold 




U.K. 


Other 
British 


U.S.A. 


Other 
Foreign 


U.K. 


U.S.A. 


Earmarked 


(Adjusted for 
changes in 
earmarked 




















Gold) 


Calendar Years 




















1926 


459 


96 


458 


248 


1,261 


— 


14 


— 


1,275 


1929 


290 


105 


493 


264 


1,152 


— 


36 


— 


1,188 


1932 


178 


39 


159 


114 


490 


— 


61 


— 


551 


1935 


303 


74 


262 


86 


725 


11 


106 


— 


842 


12 Months Ending 




















1936— Jan. 


309 


76 


264 


85 


734 


15 


101 


— 


850 


Feb. 


314 


76 ■ 


270 


87 


747 


21 


94 


6 


868 


Mar. 


319 


78 


275 


89 


761 


21 


90 


9 


881 


Apr. 


321 


78 


280 


90 


769 


22 


91 


9 


891 


May 


329 


78 


284 


97 


788 


21 


90 


14 


913 


June 


344 


80 


289 


102 


815 


18 


84 


24 


941 


July 


360 


80 


297 


105 


842 


15 


77 


33 


967 


Aug. 


359 


81 


306 


108 


854 


15 


81 


33 


983 


Sept. 


370 


81 


311 


111 


873 


15 


73 


38 


999 


Oct. 


375 


82 


318 


114 


889 


14 


77 


40 


1,020 


Nov. 


385 


84 


326 


118 


913 


12 


78 


40 


1,043 


Dec. 
















47 





CANADA MERCHANDISE: EXPORTS 



MILLIONS OF DOLLARS 

1400 



MILLIONS OF DOLLARS 

1400 




ANUARY 1937 



13 



Millions of Dollars 



VIII— EXTERNAL TRADE OF CANADA 
II— MERCHANDISE IMPORTS 

Dominion Bureau of Statistics 





From 


Total 
Imports 


Re-Exports 


Total 
Retained 
Imports 


Excess of 




U.K. 


Other 
British 


U.S.A. 


Other 
Foreign 


Exports 

or Imports 


Calendar Years 


















1926 


165 


49 


669 


125 


1,008 


15 


993 


282 


1929 


195 


62 


894 


148 


1,299 


26 


1,273 


85 


1932 


94 


34 


264 


61 


453 


8 


445 


106 


1935 


117 


57 


312 


64 


550 


13 


537 


305 


12 Months Ending 


















1936— Jan. 


117 


57 


316 


64 


554 


13 


541 


309 


Feb. 


117 


58 


318 


65 


558 


13 


545 


323 


Mar. 


118 


60 


320 


65 


563 


13 


550 


331 


Apr. 


120 


60 


322 


66 


568 


13 


555 


336 


May 


119 


61 


328 


65 


573 


13 


560 


353 


June 


120 


61 


336 


67 


584 


13 


571 


370 


July 


121 


62 


339 


67 


589 


12 


577 


390 


Aug. 


120 


62 


340 


68 


590 


13 


577 


406 


Sept. 


121 


63 


346 


68 


598 


12 


586 


413 


Oct. 


122 


66 


352 


71 


611 


13 


598 


422 


Nov. 


122 


66 


360 


73 


621 


14 


607 


436 



CANADA : MERCHANDISE IMPORTS 



MILLIONS Or DOLLARS 



1200 Tothe 




ofcT.ft,^,;* .v 



+ 500 



+ 400 



MILLIONS OF DOLLARS 




1926 "27 '28 '29 '30 '31 '32 '33 '34 *35 




OTHER BRITISH 



■;": \-A •;■:■'; '■:«!■:": 


M j 


'■H"--v:-'---' 


§111 


■y$k U K \y 








7, 


:•.-;■;■}■■■:■ y.*.v 


mmk 


X&&A-:- 


£&&$': 


mm® 




'<<&*. :^.< : >A 


'■'■■'■•' «' "•"■ «■•■•"-* '•'■ 


.! 



600 



300 



1926 27 '28 29 '30 31 '32 '33 '34 '35 '36 J F M A M J J AS ON D J F M A M J J A S ON D 

1935 1936 



14 



JANUARY 1937 



IX— COMMODITY PRICE INDEXES 

CANADA 
1926 = 100 

Dominion Bureau of Statistics 





Wholesale 


Cost of 
Living 




Vegetable 
Products 


Animal 
Products 


Harm 
Products 


Foods 
Beverages 

and 
Tobacco 


Textiles 


Wood 
and 
Paper 


Iron and 

Its 
Products 


Non- 
Ferrous 
Metals 


Manu- 
factures 


Total 

All 

Articles 


Av. of Month- 
























1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


91.6 


109.0 


100.8 


100.0 


91.3 


93.9 


93.7 


99.2 


93.0 


95.6 


99.9 


1932 


54.8 


59.7 


48.4 


61.5 


69.7 


69.1 


86.3 


59.0 


69.8 


66.7 


81.4 


1935 


67.3 


70.3 


63.4 


70.3 


70.3 


64.6 


87.2 


69.1 


73.3 


72.1 


79.3 


1936 


72.6 


71.7 


70.1 


73.4 


69.7 


68.5 


88.0 


70.1 


73.7 


74.6 


80.7 


Mid-Montli 
























1935— Dec. 


67.0 


72.9 


65.4 


72.4 


69.6 


65.5 


87.2 


71.4 


72.9 


72.6 


80.5 


1936— Jan. 


67.7 


72.9 


65.9 


72.3 


69.9 


67.4 


87.2 


68.3 


72.8 


72.9 


80.5 


Feb. 


66.3 


72.1 


66.0 


71.3 


69.4 


67.8 


87.3 


68.6 


72.2 


72.5 


80.3 


Mar. 


66.7 


70.5 


65.5 


70.8 


69.6 


67.8 


87.3 


69.3 


72.1 


72.4 


80.4 


Apr. 


66.5 


69.8 


65.0 


70.3 


69.5 


67.9 


87.4 


69.2 


72.2 


72.2 


79.7 


May- 


65.7 


69.0 


64.8 


70.1 


69.1 


68.2 


87.8 


68.3 


71.7 


71.8 


80.0 


June 


66.9 


69.7 


64.5 


71.2 


69.2 


68.1 


87.7 


67.7 


71.9 


72.3 


80.1 


July 


73.1 


70.5 


66.3 


73.3 


69.6 


68.4 


87.8 


68.1 


73.3 


74.4 


80.4 


Aug. 


77.6 


72.3 


73.3 


75.6 


70.0 


68.6 


87.9 


69.1 


74.8 


76.2 


81.0 


Sept. 


77.4 


73.4 


74.4 


75.6 


69.7 


68.8 


88.2 


70.2 


75.1 


76.4 


81.5 


Oct. 


79.6 


73.3 


76.3 


76.4 


69.6 


69.4 


88.2 


70.4 


75.4 


77.1 


81.5 


Nov. 


79.2 


73.5 


77.1 


76.2 


69.6 


69.4 


88.3 


74.0 


75.5 


77.2 


81.7 


Dec. 


84.3 


73.9 


82.4 


77.4 


71.0 


69.6 


91.4 


77.8 


77.3 


79.7 


81.8 







U. K. 










U. S. A. 










1926 = 100 










1926 = 100 








Wholesale 

Board of Trade (J) 


Cost of 
Living 

Ministry of 
Labour 

(.2) 


Wholesale 

Depl. of Labour (3) 


Cost of 
Living 

N.I.C.B. 

(4) 




Total 
Food & 
Tobacco 


Total 
Industrial 
Materials 
and Manu- 
factures 


Total 

All 

Articles 


Total 
Foods 


Farm 
Products 


Other than 

Farm 

Products 

and Foods 


Total 

All 

Articles 


Av. of Months 




















1926 


100.0 


100.0 


100.0 


100 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


93.9 


91.3 


92.1 


95 


99.9 


104.9 


91.6 


95.3 


96.3 


1932 


71.8 


67.7 


69.1 


84 


61.0 


48.2 


70.2 


64.8 


74.9 


1935 


70.9 


72.1 


71.8 


83 


83.7 


78.8 


77.9 


80.0 


80.1 


1936 


75.1 


76.6 


76.2 


85 












1935— Dec. 


72.4 


74.3 


73.8 


85 


85.7 


78.3 


78.7 


80.9 


81.7 


1936— Jan. 


72.6 


74.6 


74.1 


85 


83.5 


78.2 


78.8 


80.6 


80.8 


Feb. 


71.9 


74.9 


74.0 


85 


83.3 


79.5 


79.0 


80.6 


80.4 


Mar. 


71.4 


75.2 


74.0 


85 


80.1 


76.5 


78.9 


79.6 


80.2 


Apr. 


71.4 


75.4 


74.2 


84 


80.2 


76.9 


78.9 


79.7 


80.3 


May 


72.1 


75.0 


74.2 


84 


78.0 


75.2 


78.8 


78.6 


80.7 


June 


73.0 


75.4 


74.7 


84 


79.9 


78.1 


78.8 


79.2 


82.0 


July 


73.5 


76.4 


75.5 


85 


81.4 


81.3 


79.5 


80.5 


82.1 


Aug. 


76.6 


76.8 


76.8 


85 


83.1 


83.8 


79.7 


81.6 


82.5 


Sept. 


77.7 


77.3 


77.6 


85 


83.3 


84.0 


79.6 


81.6 


82.8 


Oct. 


80.2 


77.8 


78.8 


86 


82.6 


84.0 


80.1 


81.5 


82.6 


Nov. 


79.1 


79.3 


79.3 


88 


83.9 


85.1 


81.0 


82.4 


82.7 


Dec. 


81.2 


81.3 


81.3 


88 













(1) Base 1930 adjusted to 1926 = 100. (2) Base July 1914 adjusted to 1926 = 100. (3) Base 1926 = 100. (4) Base 1923 adjusted to 1926 = 100. 



ANUARY 1937 



15 



CANADA ' WHOLESALE PRICE INDEXES 

1926= 100 




60 



40 



Q1 



5C — 





roducts -»*£ 



*4 

Non- Ferrous 4 O 
Metals-g ay O 
#-# 



77" 



tf 



<? 






& 







NON-FERROUS METALS 



3CV 



<? 



^QqoD 



PQ 



FARM PRODUCTS 



Q QQaac^ 



J0' 



I00 



90 



80 



70 



60 



50 



I926 27 '28 '29 '30 31 '32 '33 "34 '35 "36 J F MAM J J AS O N D J F MAM J J A S O N D 

I935 ,936 



40 



GENERAL WHOLESALE PRICE INDEXES : CAN ADA. U.K. & U.S. A. 



1926 = 100 




»»«■«** 



MONTHLY. 






UNITED STATES 




CANADA 



100 
95 
90 
85 

80 
75 
70 
65 



1926 '27 '26 '29 '30 '31 32 '33 '34 '35 '36 J F M A M J J A S O N D J F M A M J J A S O N D J F M 

1935 1936 1937 



60 



16 



JANUARY 1937 



X— CANADIAN PRODUCTION 









Dominion Bureau of Statistics 












I n. lex 


Index 


Mineral Production 




Physical 


















\ olume 


Mineral 


Gold 


Silver 


Nickel 


Copper 


Lead 


Zinc 


Coal 




of 
Business 


Production 




















000 Fine Ounces 


000 Short Tons 


Average of Months 




















1926 


100 


100 


146 


1864 


2.7 


5.5 


11.8 


6.2 


1373 


1929 


126 


123 


161 


1929 


4.6 


10.3 


13.6 


8.2 


1458 


1932 


79 


108 


254 


1529 


1.3 


10.3 


10.7 


7.2 


978 


1935 


102 


149 


274 


1385 


5.8 


17.5 


14.1 


13.4 


1157 


Monthly 




















1935— Nov. 


110 


146 


293 


1614 


6.1 


17.3 


16.2 


14.4 


1618 


Dec. 


106 


161 


307 


1700 


7.5 


18.3 


14.9 


14.2 


1287 


1936— Jan. 


105 


144 


278 


1213 


7.0 


17.1 


14.1 


13.6 


1391 


Feb. 


105 


186 


266 


1235 


8.1 


16.5 


13.6 


10.3 


1493 


Mar. 


103 


158 


299 


1460 


7.8 


18.2 


15.6 


13.1 


1030 


Apr. 


109 


187 


299 


1462 


5.5 


17.7 


16.8 


11.9 


936 


May 


110 


171 


309 


1419 


5.9 


17.5 


16.0 


14.8 


998 


June 


110 


153 


317 


1657 


7.0 


15.7 


14.3 


15.0 


1033 


July 


110 


147 


320 


1796 


6.3 


14.3 


16.2 


15.4 


1050 


Aug. 


113 


174 


329 


1539 


6.2 


17.7 


17.0 


13.8 


1036 


Sept. 


115 


168 


331 


1329 


7.9 


18.1 


14.6 


15.6 


1433 


Oct. 


120 


181 


334 


1580 


6.4 


17.3 


14.1 


15.8 


1762 


Nov. 


120 


153 


319 


1639 


7.5 


18.5 


19.2 


11.4 


1465 



CANADA: BASE METAL PRODUCTION 



THOUSANDS OF SHORT TONS 



THOUSANDS OF SHORT TONS 




.NUARV 1937 



17 



XI— CANADIAN WHEAT—STATISTICAL POSITION 

Compiled from Grain Trade of Canada and the Monthly Review of the Wheat Situation 







Supplies 


Beginning of Period 






Available 
for 

Export 
and 

Carry- 
over 


Exports 
of Wheat 

and 
Flour {x) 




Crop Years 


Canadian 

Grain 
in Canada 


Canadian 
Grain in 

U.S.A. 

Ports 


Total 
Carry- 
over 


Crop 


Total 
Supplies 


Domestic 
Dis- 
appearance 


End of 
Period 
Stocks 


1924-25 


45 


3 


48 


262 


310 


87 


223 


192 


31 


1925-26 


28 


3 


31 


395 


426 


62 


364 


324 


40 


1926-27 


36 


4 


40 


407 


447 


100 


347 


291 


56 


1927-28 


51 


5 


56 


480 


536 


120 


416 


325 


91 


1928-29 


77 


14 


91 


567 


658 


132 


526 


399 


127 


1929-30 


104 


23 


127 


305 


432 


112 


320 


193 


127 


1930-31 


111 


16 


127 


421 


548 


139 


409 


269 


140 


1931-32 


134 


6 


140 


321 


461 


117 


344 


200 


144 


1932-33 


132 


12 


144 


443 


587 


99 


488 


268 


220 


1933-34 


212 


8 


220 


282 


502 


105 


397 


193 


204 


1934-35 


194 


10 


204 


276 


480 


101 


379 


164 


215 


1935-36 


203 


12 


215 


277 


492 


117 


375 


246 


129 


1936-37 


110 


19 


129 


233 <2) 


362 


I0! (i) 


261 






1924-29 Aver. 


47 


6 


53 


422 


475 


100 


375 


306 


69 


1930-35 Aver. 


148 


12 


160 


341 


501 


112 


389 


214 


175 


1935 Aug. -Oct. 


203 


12 


215 


277 


492 


//7 (4, 


375 


53 


322 


Nov. 
















28 


294 


1936 Aug. -Oct. 


110 


19 


129 


233 


362 


I0l w 


261 


71 


190 


Nov. 
















34 


156 



(i) Canadian Customs figures adjusted for changes in stocks of Canadian wheat in U.S.A. Lake and Seaboard Ports. Flour reduced to bushels at 4.5 

bu. per barrel. 
(2) Preliminary. W Preliminary estimate. (4) Total for the crop year. 



EXPORTS OF CANADIAN WHEAT AND FLOUR 



MILLIONS OF BUSHELS 



MONTHLY 



MILLIONS OF BUSHELS 




AUG SEPT. OCT NOV DEC. JAN FEB 

♦Adjusted for changes in stocks of Canadian Wheat in U.S.A., lake and seaboard ports. 



MAR 



APR 



MAY 



JUNE 



JULY 



FUSci 



2- 



STATISTICAL SUMMARY 



BANK OF CANADA 




■' ij v 



FEBRUARY 1937 



TABLE OF CONTENTS 



I Bank of Canada 

II Chartered Banks 

III Security Prices: 

1. Canadian Government Securities ..... 

2. Canada, U.K. and U.S.A. Govt. Securities — New York and London 

IV Public Finance: 

1. Dominion of Canada Debt. ...... 

2. Provincial Government Expenditures .... 

V Stock Exchange Borrowings 

VI Life Insurance 

VII External Trade : 

1. Imports .......... 

2. Exports ........... 13 

VIII Commodity Prices 

IX Construction : Contracts Awarded 

X Production : 

1. Manufacturing 

2. Electric Power ........ 



Tables 


Charts 


Page 


Page 


. 2-3 


1 


. 4-5 


2-3 


. G 


6 


i 7 


7 



9 


- 


lu- 


10 


ll 


11 


12 


12 


13 


13 


14 


14 


15 


15 


16 


16 


17 


17 



Subscription $3.00 a year, post-free. For particulars apply to the Research Department, Bank of Canada 
Ottawa. 



EBRUARY 1937 



MILLIONS OF DOLLARS 



400 




BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE Of WEDNESDAY FIGURES 

MILLIONS OF DOLLARS 

400 



350 



300 



250 



200 



150 



100 



50 



1935 



BANK OF CANADA ASSETS 

>&S. OTHER ASSETS /53&^v\/ 






SECURITIES \Ax5 


X 






RESERVE §§|<§8 



















1936 



1937 



1935 



1936 



1937 



Millions of Dollars 



FEBRUARY 1937 

I— BAN 





LIABILITIES 




Chartered Bank Gash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Total 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Assets 
or 
Liabilit 


Average of 
Wednesday Figures 


















1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


0.7 


48.9 


6.8 


294.0 


1936-12 Mths. 


40.5 


184.7 


225.2 


22.5 


1.0 


64.0 


9.3 


322.0 


1936— Jan. 


39.2 


176.8 


216.0 


31.7 


1.2 


53.1 


5.7 


307.7 


Feb. 


35.6 


181.7 


217.3 


25.1 


1.1 


51.1 


6.0 


300.6 


Mar. 


33.8 


185.9 


219.7 


23.2 


1.7 


51.7 


6.2 


302.5 


Apr. 


35.5 


185.5 


221.0 


22.0 


1.0 


54.9 


7.6 


306.5 


May 


36.7 


187.1 


223.8 


25.8 


0.9 


55.2 


7.4 


313.1 


June 


36.9 


186.9 


223.8 


25.5 


1.1 


57.5 


7.8 


315.-! 


July 


39.1 


186.6 


225.7 


16.2 


0.6 


60.7 


7.3 


310.! 


Aug. 


38.9 


184.6 


223.5 


23.6 


0.8 


64.0 


8.5 


320.4 


Sept. 


45.6 


172.6 


218.2 


16.1 


0.4 


75.0 


11.6 


321.: 


Oct. 


50.0 


177.5 


227.5 


16.2 


0.2 


80.7 


13.5 


338.] 


Nov. 


47.9 


199.1 


247.0 


20.8 


0.7 


80.9 


16.2 


365.( 


Dec. 


46.2 


192.0 


238.2 


24.1 


2.1 


83.5 


14.1 


362.1 


1937— Jan. 


52.1 


190.3 


242.4 


22.1 


2.0 


77.9 


12.6 


357.( 


Wednesdays 


















Feb. 3 


41.9 (1) 


194.3 


236.2'" 


36.5 


0.8 


80.2 (1) 


12.9 


366. I 


10 


43.0 (1) 


193.8 


236.8 (1) 


36.4 


1.0 


77.5 (1> 


12.1 


363.) 


17 


41.0 (1) 


192.9 


233.9"' 


34.5 


0.9 


78.6 ,u 


12.2 


360.1 



(1) Estimates. 



CANADIAN CHARTERED BANKS: RATIO OF CASH IN CANADA TO DEPOSITS IN CANADA 



MONTHLY AVERAGE FIGURES 




1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 



EBRUARY 1937 


















AN ADA 












Millions of Dollars 


ASSETS 




Reserve 


Securities 


Advances 


All 






Silver 


Foreign 
Currencies 


Dom.-Prov. 

Short 


Dom.-Prov. 
Long 


Total 


Banks 


Dominion 
Govt. 


Prov. 
Govts. 


Other 
Accounts 
























Average of 






















Wednesday Figures 




1.4 


10.3 


25.6 


94.0 


119.6 


0.1 


4.0 


- 


4.0 


1935- 9Mths. 




1.8 


11.4 


37.0 


86.3 


123.3 


- 


0.2 


1.5 


4.1 


1936-12Mths. 




1.6 


11.3 


26.8 


82.7 


109.5 


_ 


2.2 


— 


3.4 


Jan.— 1936 




1.5 


8.8 


23.9 


81.8 


105.7 


- 


- 


- 


4.2 


Feb. 




1.6 


9.5 


26.4 


82.3 


108.7 


- 


- 


- 


2.5 


Mar. 




1.6 


11.1 


27.6 


82.0 


109.6 


- 


- 


- 


3.9 


Apr. 




1.7 


13.3 


29.9 


81.3 


111.2 


- 


- 


2.0 


5.1 


May 




1.7 


15.8 


28.5 


82.7 


111.2 


0.2 


- 


3.0 


3.9 


June 




1.8 


10.3 


30.0 


82.0 


112.0 


- 


- 


3.0 


3.6 


July 




1.8 


18.9 


31.3 


80.4 


111.7 


- 


- 


3.0 


5.6 


Aug. 




1.9 


5.3 


42.3 


86.3 


128.6 


- 


- 


3.0 


3.1 


Sept. 




1.9 


5.1 


51.8 


93.7 


145.5 


- 


- 


3.0 


3.2 


Oct. 




2.0 


12.3 


63.0 


100.7 


163.7 


- 


- 


1.0 


7.4 


Nov. 




2.0 


14.6 


62.2 


99.5 


161.7 


- 


- 


- 


4.4 


Dec. 




2.3 


11.7 


61.7 


98.0 


159.7 


— 


— 


— 


3.8 


Jan.— 1937 

Wednesdays 




2.2 


13.6 


61.1 


103.3 


164.4 


- 


- 


- 


6.9 


Feb. 3 




2.2 


14.1 


60.8 


103.2 


164.0 


• - 


- 


- 


4.0 


10 




2.3 


13.8 


57.8 


103.0 


160.8 








3.7 


17 



MILLIONS OF DOLLARS 

2500, 



2000 



1500 



1000 



CANADIAN CHARTERED BANKS : DEPOSIT LIABILITIES IN CANADA 

MONTH -END FIGURES 




z^^sfr 



iC^r 



<?>^CZ<? 



&&&<? 



^^^e 150 ^ 



V 



PUBLIC TIME 



^C^-^^c^c^ 




V* 



^ 



<?=w^ 



MILLIONS OF DOLLARS 

2500 



2000 



1500 



1000 



500 



500 



4+s 



■*W 



V*w vv 



PUBLIC DEMAN4D 




■Nvs^^W^ 



1926 1927 1928 1929 1930 19-31 1932 1933 1934 1935 1936 1937 1938 1939 1940 



Millions of Dollars 



FEBRUARY 1937 
II— CANADIAN C 

Bank 





LIABILITIES 






Notes 


Deposits 


Cash 
in 


Securiti 
























Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits 10 


Foreign 


Total 
Deposits'" 


Canada' 3 ' 


Dom. 
and Prov. 


Other 


Average of 






















Month-end Figures 






















1926 


169 


553 


1,341 


53 


1 ,958 


330 


2,333 


197 


344 


189 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


1935 


126 


569 


1,445 


65 


2,108 


348 


2,476 


216 


861 


183 


1936 


119 


618 


1,518 


77 


2,267 


401 


2,668 


225 


1,075 


256 


End of 






















1936— Jan. 


117 


576 


1,499 


69 


2,192 


381 


2,573 


213 


994 


213 


Feb. 


124 


534 


1,517 


101 


2,199 


396 


2,596 


218 


1,041 


224 


Mar. 


124 


569 


1,532 


96 


2,249 


414 


2,644 


221 


1,071 


244 


Apr. 


120 


622 


1,536 


71 


2,285 


392 


2,676 


222 


1,077 


237 


May 


123 


578 


1,527 


88 


2,242 


391 


2,633 


219 


1,081 


264 


June 


123 


622 


1,505 


80 


2,267 


389 


2,656 


224 


1,084 


284 


July 


119 


619 


1 ,494 


62 


2,230 


376 


2,606 


222 


1,088 


269 


Aug. 


124 


626 


1,503 


46 


2,229 


428 


2,657 


219 


1,084 


271 


Sept. 


116 


648 


1,501 


114 


2,321 


406 


2,727 


221 


1,107 


273 


Oct. 


118 


664 


1,510 


86 


2,314 


409 


2,723 


227 


1,097 


266 


Nov. 


116 


680 


1,547 


42 


2,319 


415 


2,734 


259 


1,059 


257 


Dec. 


109 


682 


1,548 


72 


2,355 


418 


2,773 


235 


1,116 


26S 


1937— Jan. 


109 


644 


1,549 


137 


2,383 


406 


2,788 


241 


1,109 


303 



(l) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 

(4) Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
( s> Chartered Bank note circulation and Bank of Canada notes in public circulation. 



ANNUAL CLASSIFICATION OF DEMAND AND NOTICE DEPOSITS 

Department of Finance 



October 31 


NUMBER 

Units 


AMOUNT 
Millions of Dollars 




1934 


1935 


1936 


1934 


1935 


1936 


Demand Deposits: 

$1,000 or less 


580,929 

35,259 

8,633 

1,877 
599 


574,333 

39,294 

9,355 

2,126 

752 


580,008 

43,622 

10,469 

2,328 

697 


71.8 
72.3 
88.7 
87.5 
218.3 
3.8 


76.0 
80.1 
95.4 
99.7 
271.0 
2.7 


81.7 


$1,000 to $5,000 


89.7 


$5,000 to $25,000 


108.4 


$25,000 to $100, 000 

Over $100,000 


107.7 
279.8 


Adjustment Items 


3.0 






Total Demand Deposits 


627,297 


625,860 


637,124 


542.4 


624.9 


664.3 


Notice Deposits : 

$1,000 or less 


3,765,971 

246,057 

28,896 

1,853 

390 


3,716,326 

263,449 

32,460 

2,276 

471 


3,664,756 

268,525 

34,224 

2,313 

496 


416.5 
485.7 
249.6 
82.6 
131.6 
4.2 


425.9 
518.5 
280.9 
99.8 
136.2 
4.3 


432.5 


$1,000 to $5,000 


537.1 


$5,000 to $25,000 


297.6 


$25,000 to $100,000 

Over $100,000 


99.1 
141.3 


Adjustment Items 


2.7 






Total Notice Deposits 


4,043,167 


4,014,982 


3,970,314 


1,370.2 


1,465.6 


1,510.3 



EBRUARY 1 


937 








RED BANKS 








ASSETS 




Loans 


Total 
Assets 




Canada 


Foreign 


Call 


Current 


Call 


Current 




140 


1,021 


250 


261 


2,864 




267 


1,455 


301 


248 


3,528 




117 


1,197 


84 


172 


2,869 




82 


963 


72 


146 


2,957 




93 


819 


64 


150 


3,145 




78 


874 


59 


145 


3,042 




78 


869 


62 


146 


3,073 




77 


864 


70 


140 


3,143 




83 


862 


66 


142 


3,154 




87 


828 


58 


145 


3,108 




91 


777 


64 


150 


3,135 




91 


768 


58 


147 


3,084 




91 


776 


59 


155 


3,141 


i 


105 


807 


60 


156 


3,205 




109 


816 


66 


160 


3,202 




116 


800 


75 


156 


3,206 




114 


791 


75 


162 


3,242 




119 


796 


72 


162 


3,262 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




in 
Canada' 31 


Deposits* 4 ' 


Deposits in 


Note 






Canada 


Circulation* 5 ' 












Average of 
Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


216 


2,142 


10.1 


165 


Jan.— 1936 


217 


2,155 


10.1 


167 


Feb. 


219 


2,186 


10.0 


171 


Mar. 


220 


2,214 


10.0 


175 


Apr. 


223 


2,228 


10.0 


175 


May 


224 


2,203 


10.2 


176 


June 


225 


2,188 


10.3 


178 


July 


221 


2,179 


10.2 


184 


Aug. 


219 


2,237 


9.8 


195 


Sept. 


227 


2,267 


10.0 


197 


Oct. 


247 


2,274 


10.9 


194 


Nov. 


238 


2,285 


10.4 


200 


Dec. 


240 


2,302 


10.4 


182 


Jan.— 1937 



Millions of Dollars 



ANNUAL CLASSIFICATION OF LOANS IN CANADA 

Department of Finance 



October 31 



1934 



1935 



1936 



Provincial Governments 

Municipal Governments and School Districts 

Agriculture: 

Farmers Loans, Cattle Loans, Fruit Raisers 

Loans to Grain Dealers, Grain Exporters and Seed Merchants. 

Total Agriculture 

Financial: 

Call loans and other accommodation to brokers and dealers . . . 

Loans to specified institutions 

Loans to individuals against securities 

Total Financial 

Merchandising, wholesale and retail 

Manufacturers of and dealers in lumber, pulpwood and 

products thereof 

Other manufacturing of all descriptions 

Mining 

Fishing, including loans to packers and curers of fish 

Public Utilities, including Transportation companies 

Loans to Building Contractors and others for building purposes. . . . 
Loans to Churches, Hospitals, Charitable and Religious institutions 
Other Loans 

Total Loans in Canada 



26.8 
107.4 

64.2 
150.5 



214.7 



90.7 

70.0 

115.2 



275.9 

117.5 

74.3 

140.1 

6.6 

7.0 

71.4 

21.8 

19.7 

66.5 



1,149.7 



29.7 
96.8 

60.0 
166.4 



226.4 



66.7 

63.1 

101.2 



231.0 

113.8 

73.0 

119.2 

6.8 

7.2 

71.3 

24.1 

16.1 

52.2 



1,067.6 



14.7 
92.0 

54.0 
64.5 



118.5 



97.4 

73.8 

111.5 



282.7 

115.9 

64.9 

130.0 

6.9 

8.2 

8.4 

23.7 

14.8 

52.8 



933.5 



FEBRUARY 1937 



III— SECURITY PRICES 

Bank of Canada 



Dominion of Canada Bonds Payable in Canada Only 
Middle Prices and Yields 





4M% due Nov. 1, 
1948-58 


3% due June 1, 
1950-55 


5% due Oct. 15, 
1943 


2V 2 % due June 1, 
1943 


2% due Nov. 15, 
1939 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Average of working 
days 






















1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


101.91 


1.40 


1936— Jan. 


108.33 


3.68 


98.28 


3.12 


112.51 


3.17 


101.48 


2.28 


100.56 


1.85 


Feb. 


109.64 


3.55 


98.12 


3.13 


113.88 


2.96 


102.21 


2.17 


101.18 


1.67 


Mar. 


110.19 


3.50 


98.26 


3.12 


114.25 


2.89 


102.40 


2.14 


101.61 


1.55 


Apr. 


110.26 


3.49 


98.75 


3.09 


114.36 


2.86 


102.51 


2.12 


101.50 


1.57 


May 


110.45 


3.46 


99.15 


3.06 


114.63 


2.80 


102.64 


2.09 


101.65 


1.52 


June 


111.59 


3.35 


■99.61 


3.03 


115.36 


2.68 


103.03 


2.03 


102.05 


1.38 


July' 


112.43 


3.27 


101.07 


2.91 


115.95 


2.57 


103.30 


1.98 


102.43 


1.25 


Aug. 


113.54 


3.16 


102.43 


2.79 


116.52 


2.47 


103.76 


1.91 


102.84 


1.10 


Sept. 


113.71 


3.13 


101.59 


2.86 


116.55 


2.44 


103.89 


1.88 


102.89 


1.07 


Oct. 


111.88 


3.30 


100.01 


3.00 


114.28 


2.74 


102.56 


2.09 


102.24 


1.26 


Nov. 


112.30 


3.25 


100.49 


2.96 


114.47 


2.69 


101.97 


2.18 


102.01 


1.31 


Dec. 


112.81 


3.20 


101.21 


2.89 


114.88 


2.61 


102.45 


2.09 


102.01 


1.30 


1937— Jan. 


112.39 


3.23 


100.47 


2.96 


114.20 


2.69 


102.15 


2.14 


101.82 


1.34 


Feb. 1-20 


110.58 


3.40 


98.74 


3.09 


112.28 


2.96 


101.50 


2.24 


101.38 


1.49 



DOMINION OF CANADA DOMESTIC BOND YIELDS 



06% r 



06% 




Ft9 MAP- APR 



FEBRUARY 1937 



III— SECURITY PRICES 

Bank of Canada 



Government Bond Yields in New York and London 
Middle Prices and Yields 





Dominion of Canac 


a 


U.S. Treasury 


U.K. Treasury 


Dominion Guaranteed C.N.R. 




3J^%dueJan. 15, 


3M%due 


May 1, 


2^%dueMar.l5, 


3^% due Dec. 1, 


±V 2 % due Feb. 1, 


4^% due July 1, 




1956-61 


1950-55 <" 


1955-60 <» 


1952 and 


after' 1 ' 


1956 


1957 




Payable in 


Vew York 


Payable in 


London 


Domestic 


Domestic 


Canada, 
New York or London 


Canada or 


^ew York 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Average of 
Working Days 

1936 


101.51 


3.15 


102.43 


3.03 


102.25 


2.72 


106.02 


3.03 


114.96 


3.44 


113.29 


3.59 


1936— Jan. 


98.16 


3.36 


102.05 


3.07 


100.34 


2.85 


105.69 


3.07 


111.79 


3.66 


109.83 


3.82 


Feb. 


99.98 


3.25 


103.27 


2.97 


100.70 


2.83 


106.10 


3.03 


113.68 


3.54 


111.49 


3.72 


Mar. 


100.59 


3.21 


103.42 


2.95 


101.48 


2.78 


105.51 


3.08 


113.59 


3.54 


111.70 


3.70 


Apr. 


100.24 


3.23 


103.21 


2.97 


101.42 


2.74 


106.19 


3.02 


113.78 


3.53 


111.75 


3.70 


May 


100.89 


3.19 


102.27 


3.05 


102.09 


2.73 


106.01 


3.03 


114.28 


3.49 


111.97 


3.68 


June 


101.06 


3.18 


100.86 


3.17 


102.02 


2.74 


105.52 


3.07 


116.13 


3.37 


113.64 


3.57 


July 


101.73 


3.13 


100.52 


3.20 


102.23 


2.72 


105.88 


3.04 


116.16 


3.37 


114.18 


3.54 


Aug. 


103.09 


3.04 


101.84 


3.08 


102.82 


2.68 


106.11 


3.02 


116.93 


3.31 


115.40 


3.46 


Sept. 


103.22 


3.03 


103.20 


2.96 


103.05 


2.67 


106.42 


3.00 


117.15 


3.29 


116.08 


3.41 


Oct. 


102.45 


3.08 


103.26 


2.95 


102.73 


2.69 


106.61 


2.98 


114.77 


3.45 


114.02 


3.54 


Nov. 


103.36 


3.02 


102.85 


2.99 


103.97 


2.60 


106.66 


2.97 


115.26 


3.41 


114.31 


3.52 


Dec. 


103.39 


3.02 


102.38 


3.03 


104.10 


2.59 


105.51 


3.07 


116.02 


3.36 


115.15 


3.46 


1937— Jan. 


102.12 


3.10 


101.96 


3.07 


104.50 


2.56 


104.62 


3.13 


115.50 


3.39 


114.94 


3.47 


Feb. 1-20 


100.45 


3.22 


100.47 


3.21 


104.56 


2.56 


102.65 


3.28 


113.24 


3.54 


112.77 


3.61 



(1) These issues are quoted on an accrued interest basis but are given here "ex-interest". 

(2) Exempt from Federal Income and certain State taxes. 



25% 



27% 



29% 



31% 



33% 



CANADIAN AND UNITED STATES GOVERNMENT BOND YIELDS IN NEW YORK 



25% 



*** 



>-*" 



+„*+***>** 



<**•> 



***"V* 



US. TREASURY 2\<Yo 
DUE MAR 15. 1955-60 




'^v^-m. 



DOM OF CANADA 3/ 4 %- 

DUE JAN 15, 1956-61 
PAYABLE IN NEW YORK 




i 
a 



*+ 



~V 



.vV 



w 



\\l/o 


























*.. 






CANADIAN DOLLAR IN NEW YORK — 


^ - 


• • •*"« 






PAR 








. .•••*-.. 






,. 


>' I. 






•••' 
















*» 


•*"••• •••• 




















l.fW 



























UAH. APR. MAY 



AUG 

1936 



JAN. 

1937 



27% 



29% 



31% 



33% 

+10% 



PAR 



-10% 



FEBRUARY 1937 









IV— 


PUBLIC FINANCE 














DOMINION OF CANADA DEBT 








Millions of Dollars 




Compiled from Dominion Public Accounts 










Dominion Direct Debt 


Guaranteed (1) 


March 31 






Post Office 


Insurance 
and 




Total 


Fully 


Interest 




Funded 


Fiduciary 


Savings 


Super- 


Other 


Direct 






only 




Debt 


Notes 


Deposits 


annuation 
Funds 




Debt 


C.N.R. 


Other 


C.N.R. 


1926 


2,472 


78 


33 


36 


45 


2,664 


364 


— 


216 


1927 


2,436 


64 


32 


43 


43 


2,618 


398 


4 


216 


1928 


2,360 


64 


31 


52 


45 


2,552 


440 


10 


216 


1929 


2,305 


64 


28 


61 


48 


2,506 


473 


25 


216 


1930 


2,228 


64 


26 


70 


46 


2,434 


590 


31 


216 


1931 


2,320 


64 


25 


80 


44 


2,533 


707 


31 


216 


1932 


2,518 


64 


24 


90 


43 


2,739 


753 


31 


216 


1933 


2,652 


64 


24 


99 


40 


2,879 


749 


31 


216 


1934 


2,792 


64 


23 


109 


44 


3,032 


746 


31 


216 


1935 


3,012 


- 


23 


126 


45 


3,206 


740 


31 


216 


1936 


3,211 


- 


22 


151 


48 


3,432 


747 


31 


216 



(1) Excluding Relief Act Guarantees. 
Millions of Dollars 



FUNDED DEBT 





Bonds — Payable 


Bills and Notes — Payable 




March 31 


Can. 


Can.-N.Y. 


N.Y. 


London 


Total 


Can. 


N.Y. 


Total 


Total 


1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 


1,779 
1,844 
1,735 
1,688 
1,670 
1,670 
1,882 
1,905 
1,872 
1,953 
2,085 


91 
91 
91 
91 
91 
131 
131 
91 
91 
91 
90 


210 
225 
225 
220 
165 
225 
200 
240 
240 
240 
326 


271 
268 
264 
261 
257 
254 
250 
246 
315 
355 
352 


2,351 
2,428 
2,315 
2,260 
2,183 
2,280 
2,463 
2,482 
2,518 
2,639 
2,853 


51 
8 
45 
45 
45 

110 
214 
320 

318 


70 

40 
55 
60 
60 
53 
40 


121 

8 

45 

45 

45 

40 

55 

170 

274 

373 

358 


2,472 
2,436 
2,360 
2,305 
2,228 
2,320 
2,518 
2,652 
2,792 
3,012 
3,211 



MILLIONS OF DOLLARS 



DOMINION GOVERNMENT DEBT 

AMOUNT OUTSTANDING AT FISCAL YEAR-ENDS 



MILLIONS OF DOLLARS 



3000 




2000 



1000 



1926 1927 I9?8 1929 1930 1931 1932 1933 1934 1935 1936 



FEBRUARY 1937 



Millions of Dollars 



IV.— PUBLIC FINANCE 
PROVINCIAL GOVERNMENT EXPENDITURES 

Compiled from Provincial Public Accounts 









ADMINISTRATION, LEGISLATION 


AND JUSTICE 






Year<" 
























P.E.I. 


N.S. 


N.B. 


Que. 


Ont. 


Man. 


Sask. 


Alta. 


B.C. 


Total 


1926 


.10 


.53 


.35 


6.16 


5.97 


1.22 


2.09 


2.46 


2.64 


21.52 


1927 


.13 


.55 


.44 


6.45 


6.64 


1.39 


2.04 


2.63 (2) 


2.89 


23.16 


1928 


.13 


.56 


.48 


6.94 


6.29 


1.46 


2.36 


2.42 


3.31 


23.95 


1929 


.13 


.58 


.55 


7.79 


6.43 


1.44 


2.80 


2.68 


3.31 


25.71 


1930 


.13 


.61 


.66 


8.09 


7.63 


1.50 


2.68 


3.12 


3.42 


27. S4 


1931 


.18 


.84 


.58 


8.58 


7.07 


1.42 


2.13 


2.86 


3.31 


26.97 


1932 


.15 


.79 


.48 


8.60 


6.75 


1.29 


1.67 


2.40 


3.06 


25.19 


1933 


.17 


.83 


.48 


8.59 


6.30 


1.19 


1.51 


2.19 


3.00 


24.26 


1934. 


.17 


.74 


.40 


8.41 


7.34 


1.14 


1.93 


2.23 


2.87 


25.23 


1935 


.18 


.67 (2) 


.42 


8.74 


6.09 


1.24 


1.58 


2.50 


3.44 


24.86 











Ratio of the Year's 


"Net" Revenue^ 








1926 


U% 


10% 


8% 


24% 


14% 


14% 


20% 


24% 


12% 


17% 


1929 


12% 


8% 


8% 


21% 


12% 


13% 


21% 


18% 


13% 


15% 


1932 


13% 


10% 


8% 


23% 


12% 


13% 


12% 


19% 


14% 


15% 


1935 


13% 


7% 


7% 


26% 


9% 


10% 


12% 


18% 


13% 


13% 



Millions of Dollars 





EDUCATION 


Year«» 
























P.E.I. 


N.S. 


N.B. 


Que. 


Ont. 


Man. 


Sask. 


Alta. 


B.C. 


Total 


1926 


.28 


.73 


.62 


2.77 


9.19 


2.12 


3.35 


2.24 


3.86 


25.16 


1927 


.28 


.81 


.65 


3.39 


9.51 


2.18 


3.79 


2.31 (2) 


4.06 


26.98 


1928 


.28 


.91 


.78 


3.31 


10.05 


2.36 


3.79 


2.55 


4.46 


28.49 


1929 


.28 


.96 


.82 


3.95 


10.28 


2.44 


3.95 


2.61 


4.30 


29.59 


1930 


.31 


1.04 


.75 


4.63 


11.56 


2.48 


4.49 


3.04 


4.30 


32.60 


1931 


.32 


1.11 


.77 


4.39 


11.88 


2.37 


4.52 


2.60 


4.65 


32.61 


1932 


.33 


1.15 


.71 


4.17 


11.25 


2.12 


2.89 


2.54 


3.64 


28.80 


1933 


.34 


1.20 


.62 


4.26 


10.08 


1.87 


2.48 


2.45 


3.16 


26.46 


1934 


.34 


1.33 


.69 


3.75 


10.57 


1.70 


2.63 


2.29 


3.39 


26.69 


1935 


.35 


1.41 <2) 


.70 


3.76 


9.19 


1.74 


3.11 


2.45 


3.53 


26.24 











Ratio 


of the Year 


's " Net" Revenue^* 








1926 


32% 


14% 


14% 


11% 


22% 


24% 


33% 


22% 


18% 


20% 


1929 


27% 


14% 


14% 


10% 


19% 


21% 


30% 


18% 


16% 


17% 


1932 


28% 


14% 


12% 


11% 


20% 


21% 


21% 


20% 


17% 


17% 


1935 


26% 


16% 


11% 


11% 


13% 


14% 


24% 


18% 


14% 


14% 



d> Figures are for the respective fiscal years of the provinces and are shown opposite the nearest calendar year. 

(2) Pro-rated U 12-month periods to adjust for changes in fiscal year-ends. 

(3) "Net" Revenue is Ordinary Revenue less all interest received. 



10 



FEBRUARY 1937 



V— STOCK EXCHANGE BORROWINGS 

TORONTO AND MONTREAL STOCK EXCHANGES 

Stock Exchange Bulletins and Dominion Bureau of Statistics 





Member Borrowings 




Common Stock Prices 




Shares Traded 




on Ca 

Mil 


nadian Collateral 
ions of Dollars 


D.B.S. Indexes 1926 = 100 




Millions 






Toronto 


Montreal 


Total 


Industrial 


Utilities 


Mines 


Total 


Toronto 


Montreal 


Total 


1936— Jan. 


27.5 


17.4 


44.9 


187.7 


52.4 


142.4 


112.9 


38.3 


5.4 


43.7 


Feb. 


26.2 


17.8 


44.0 


200.0 


57.0 


149.8 


120.7 


50.3 


5.6 


55.9 


Mar. 


22.9 


18.9 


41.8 


194.8 


55.5 


144.2 


117.4 


30.1 


2.9 


33.0 


Apr. 


26.8 


19.4 


46.2 


194.2 


53.2 


145.8 


115.9 


23.8 


2.7 


26.5 


May 


29.9 


20.1 


50.0 


187.9 


52.5 


150.3 


112.8 


54.3 


7.8 


62.1 


June 


30.8 


21.0 


51.8 


189.3 


53.3 


156.1 


113.8 


44.3 


5.3 


49.6 


July 


32.2 


20.8 


53.0 


190.1 


53.8 


157.6 


114.3 


34.2 


6.4 


40.6 


Aug. 


32.9 


22.1 


55.0 


191.4 


53.1 


158.1 


114.7 


35.6 


12.7 


48.3 


Sept. 


32.9 


24.5 


57.4 


200.6 


54.8 


157.6 


119.5 


35.3 


8.5 


43.8 


Oct. 


37.1 


26.6 


63.7 


212.3 


59.8 


158.2 


126.9 


27.4 


6.1 


33.5 


Nov. 


40.4 


30.9 


71.3 


219.9 


62.4 


167.0 


131.8 


39.6 


9.9 


49.5 


Dec. 


43.8 


35.6 


79.4 


212.8 


62.8 


167.7 


129.2 


37.8 


11.9 


49.7 


1937— Jan. 


46.8 


39.1 


85.9 


222.0 


68.5 


174.6 


137.4 


57.4 


10.0 


67.4 



MEMBER BORROWINGS ON CANADIAN COLLATERAL = TORONTO AND MONTREAL STOCK EXCHANGES 



MILLIONS OF DOLLARS 



INDEX 



MILLIONS OF DOLLARS 




40 



COMMON STOCK PRICES 
■DBS. INDEX 1926- IOO 



^ ^ r y DBS. INDEX 192b- 10 



140 



120 



100 



DJ FMAMJ JASON D J 
1935 1936 1937 




FEBRUARY 1937 



11 



VI— LIFE INSURANCE 
CANADIAN OPERATIONS OF COMPANIES INCORPORATED UNDER DOMINION CHARTER 

Millions of Dollars Reports of Superintendent of Insurance 





Insurance and Reserves 
in Canada 


Revenue and 
Expenditure 




Asset Ite 


ms 






Net 
Insurance 
in Force 


New 
Insurance 
during year 


Reserves 


Premium 
Income 
Canada 


Policy 

Payments 

Canada 


Bonds and 
Debenturesd) 


Stocksd) 


Policy 
Loans 
Canada 


Real 
Estate 
Loans (l) 


Calendar Year 




















1926 


4,610 


798 


721 


161 


76 


600 


117 


109 


250 


1927 


5,044 


838 


794 


175 


85 


642 


169 


120 


290 


1928 


5,608 


919 


883 


195 


95 


680 


251 


134 


332 


1929 


6,157 


978 


975 


213 


116 


719 


314 


159 


364 


1930 


6,492 


885 


1,065 


223 


135 


776 


359 


189 


381 


1931 


6,622 


783 


1,136 


229 


154 


861 


370 


219 


389 


1932 


6,472 


653 


1,167 


219 


181 


885 


350 


244 


378 


1933 


6,248 


579 


1,191 


215 


187 


924 


345 


248 


364 


1934 


6,221 


595 


1,225 


213 


169 


1,078 


340 


245 


350 


1935 


6,259 


588 


1,273 


208 


160 


1,193 


335 


239 


338 





Increase or Decrease ( - ) 


1926-29 


34% 


23% 


35% 


32% 


53% 


20% 


168%, 


46% 


46% 


1929-33 


1% 


-41% 


22% 


1% 


61% 


29% 


10% 


56% 


-Jo 


1933-35 


-% 


2% 


7% 


-3% 


-14% 


29% 


-3% 


-4% 


-7% 


1926-35 


36% 


-26% 


77% 


29% 


111% 


99% 


186% 


U9%c 


35% 



(l) Entire holdings of Canadian companies and Canadian holdings of British and foreign companies operating in Canada. 



MILLIONS OF DOLLARS 



CANADA: LIFE INSURANCE 

ALL COMPANIES OPERATING IN CANADA UNDER DOMINION CHARTER 



MILLIONS OF DOLLARS 











NET 


NEW INSURANCE 








0(YI 












yuu 
700 







































NCOME AND EXPENDITURE 
















..-""* 


y 


4hpp 


EMIUM INCOr 


A£ 










P 






- RAYM 


EiNTS ON POL 


ICIES 





















225 



150 



1923 '26 '27 '28 '29 '30 '31 '32 '33 '34 '35 1925 '26 '27 '28 - 29 '30 '31 '32 "33 '34 '35 



75 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 





1926 '27 '28 '29 '30 '31 '32 - 33 '34 '35 1926 "27 - 28 - 29 '30 - 3I 32 '33 '34 '35 



12 



FEBRUARY 1937 



Millions of Dollars 



VII— EXTERNAL TRADE OF CANADA 
MERCHANDISE IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Fruits, 
Nuts and 
Vegetables 


Sugar 
and 

Products 


Rubber 

and 
Products 


Petroleum 
Asphalt 

and 
Products 


Coal and 

Coke 
Products 


Textiles 

and 
Fibres 


Iron 
and 

Steel 


Machinery 

and 
Vehicles 


Non- 
ferrous 
Metal 
Products 


Chemical 
Products 


Calendar Year 






















1926 


41 


38 


30 


53 


67 


184 


95 


125 


51 


31 


1929 


50 


28 


23 


78 


64 


199 


134 


208 


91 


40 


1932 


27 


17 


4 


44 


35 


69 


29 


38 


22 


28 


1935 


28 


19 


10 


44 


38 


85 


50 


62 


34 


30 


1936 


33 


21 


12 


50 


40 


99 


55 


80 


35 


32 


12 Months Ending 






















1936— Jan. 


28 


19 


9 


44 


38 


87 


50 


64 


34 


30 


Feb. 


28 


19 


10 


44 


38 


89 


50 


64 


34 


30 


Mar. 


28 


19 


9 


45 


38 


90 


50 


64 


34 


30 


Apr. 


29 


19 


10 


45 


38 


90 


52 


65 


34 


30 


May 


29 


20 


9 


45 


38 


92 


52 


67 


35 


30 


June 


30 


20 


10 


46 


38 


94 


53 


69 


35 


31 


July 


31 


20 


10 


46 


38 


94 


54 


70 


35 


31 


Aug. 


31 


20 


11 


47 


38 


93 


54 


71 


35 


31 


Sept. 


31 


20 


11 


48 


38 


94 


54 


72 


35 


31 


Oct. 


33 


21 


12 


49 


38 


96 


54 


73 


35 


31 


Nov. 


33 


21 


13 


49 


39 


98 


54 


75 


35 


32 


Dec. 


33 


21 


12 


50 


40 


99 


55 


80 


35 


32 



Total 
Merchan- 
dise 
Import8<i) 



1,008 

1,299 

453 

550 

635 



554 
558 
563 
568 
573 
584 
589 
590 
598 
611 
621 
635 



(1) Includes merchandise re-exports. 



CANADA : MERCHANDISE IMPORTS 



MILLIONS OF DOLLARS 

250 




lDOD a[ 



RUNNING 12-MONTH TOTALS 



MILLIONS OF DOLLARS 




□□□□□□ D 



IRON AND STEEL 



IRON AND STEEL — * ■■■■■■■■^*' 



D^ 



250 



200 



150 



100 



50 



1 926 '27 '28 '29 '30 '31 '32 "33 '34 '35 '36 J FMAMJ JASONDJ FMAMJ JASONDJ FM 

1935 1936 1937 



•EBRUARY 1937 



13 



Millions of Dollars 



VII— EXTERNAL TRADE OF CANADA 

MERCHANDISE EXPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Grain 

and 

Milled 

Products 


Fruits, 
Nuts and 
Vegetables 


Livestock 

Meat and 
Fish 


Dairy 
Products 


Furs 
and 
Skins 


Non- 
ferrous 
Metals 


Newsprint 

and 
Wood Pulp 


Lumber 


Machinery 

and 
Vehicles 


Chemical 
Products 


Calendar Year 






















1926 


481 


21 


86 


41 


26 


89 


166 


62 


60 


17 


1929 


333 


18 


68 


28 


31 


154 


192 


49 


74 


22 


1932 


167 


11 


28 


12 


12 


105 


102 


13 


12 


11 


1935 


180 


17 


57 


11 


19 


233 


116 


26 


38 


16 


193G 


284 


14 


73 


15 


22 


267 


135 


37 


36 


18 


12 Months Ending 






















1936— Jan. 


181 


17 


57 


11 


19 


234 


116 


26 


40 


16 


Feb. 


187 


17 


57 


11 


19 


242 


117 


27 


40 


16 


Mar. 


190 


16 


58 


11 


20 


244 


119 


28 


39 


16 


Apr. 


190 


16 


60 


11 


20 


249 


120 


29 


38 


16 


May 


202 


16 


61 


11 


20 


254 


121 


29 


37 


17 


June 


217 


17 


63 


12 


20 


257 


123 


30 


37 


17 


July 


232 


17 


65 


13 


20 


260 


125 


31 


36 


17 


Aug. 


238 


17 


67 


14 


21 


262 


127 


31 


36 


17 


Sept. 


247 


17 


68 


14 


20 


262 


130 


33 


35 


17 


Oct. 


254 


16 


70 


13 


21 


267 


132 


34 


35 


18 


Nov. 


272 


15 


70 


14 


21 


264 


134 


35 


36 


18 


Dec. 


284 


14 


73 


15 


22 


267 


135 


37 


36 


18 



Total 
Merchan- 
dise 
Exports (l 



1,275 

1,188 

551 

842 

1,070 



850 

868 

881 

891 

913 

941 

967 

983 

999 

1,020 

1,043 

1,070 



(1) Exports of Canadian produce. 



MILLIONS OF DOLLARS 

600 



450 




CANADA : MERCHANDISE EXPORTS 



]□□□□□□[=: 



RUNNING 12- MONTH TOTALS 



NON-FERROUS METALS 



NEWSPRINT AND WOOO PULP 



r- 



MILLIONS OF DOLLARS 

600 




3C300 



oaac 



450 



300 



150 



1926 27 "26 "29 '30 "31 "32 "33 '34 "35 "36 J F M A M J J AS O N D J F M A M J J A S O N D J F M 

1935 1936 1937 



14 



FEBRUARY 1937 



VIII— COMMODITY PRICES 

WHOLESALE 



Dollars 






Dominion Bureau of Statistics 












Wheat 


Flour 


Newsprint 


Lumber 


Copper 


Steel 


Cotton 


Sugar 


Coal 




No. 1 

Northern 

Lake-head 

Ports 


Manitoba 

First 

Patent 

Montreal 


f.o.b. 
Mills (i) 


Fir 

Flooring 
B.C. Mills 


Electrolytic 
Montreal 


Billets 
f.o.b. 
Plant 


Raw 
Middling 
Hamilton 


Granulated 
Montreal 


Bituminous 
Nova Scotia 




bushel 


barrel 


short ton 


M. bd. ft. 


cwt. 


long ton 


pound 


cwt. 


short ton 


Annual Average 




















1926 


1.495 


8.82 


65.00 


26.00 


15.767 


38.00 


.194 


5.958 


6.083 


1929 


1 .343 


7.93 


55.00 


24.75 


19.978 


36.00 


.199 


5.188 


6.000 


1932 


0.556 


4.81 


50.20 


14.46 


7.516 


34.00 


.085 


4.378 


5.813 


1935 


0.844 


5.43 


33.40 


15.13 


8.488 


34.00 


.138 


4.832 


5.250 


1936 


0.937 


6.08 


34.23 


22.21 


10.070 


34.17 


.141 


4.626 


5.250 


Monthly 




















1936— Jan. 


0.848 


5.80 


34.20 


22.00 


9.279 


34.00 


.136 


4.705 


5.250 


Feb. 


0.821 


5.60 


34.20 


22.00 


9.452 


34.00 


.135 


4.705 


5.250 


Mar. 


0.821 


5.70 


34.20 


22.00 


9.616 


34.00 


.133 


4.610 


5.250 


Apr. 


0.805 


5.50 


34.40 


23.00 


9.760 


34.00 


.138 


4.610 


5.250 


May 


0.768 


5.30 


34.20 


23.00 


9.748 


34.00 


.136 


4.610 


5.250 


June 


0.795 


5.20 


34.40 


23.00 


9.721 


34.00 


.140 


4.610 


5.250 


July 


0.934 


6.00 


34.20 


23.00 


9.843 


34.00 


.155 


4.610 


5.250 


Aug. 


1.022 


0.40 


34.20 


23.00 


10.117 


34.00 


.143 


4.610 


5.250 


Sept. 


1.039 


6.40 


34.20 


21.50 


10.302 


34.00 


.143 


4.610 


5.250 


Oct. 


1.109 


7.00 


34.20 


20.50 


10.448 


34.00 


.142 


4.610 


5.250 


Nov. 


1.084 


6.60 


34.20 


19.50 


11.000 


34.00 


.140 


4.610 


5.250 


Dec. 


1.202 


7.50 


34.20 


24.00 


11.550 


36.00 


.147 


4.610 


5.250 


1937— Jan. 


1.247 


7.50 


36.20 


27.00 


12.970 


36.00 


.150 


4.800 


5.250 



(1) Canadian Currency. 



CANADA WHOLESALE COMMODITY PRICES 



150 



.125 



ilOO 



75 



50 





1 

ANNUAL AVERAGE 








■-*— Wh 


(EAT'" 















14 



10 





MO 


ITHLY 








/ Wl 


-CAT'" 








i 























# 









V«COF 


■PER 12 ' 











i 





150 



l25o 











— 










— 




C( 


DPPER~x 




w — 


l^>" l N 










_^^\\ 


! , . i 


! | 








| | 











100! 



75 r 



50 



18 



14 



10 



1926 '27 28 29 30 '31 "32 "33 '34 "35 "36 J F M A M J J A S O N D J F M A M J J A S O N D J F M 

1935 1936 1937 

(II NO.I NORTHERN, CASH PRICE FORT WILLIAM ANO PORT ARTHUR. (21 CLCCTROLYTIC, MONTREAL 



EBRUARY 1937 



15 



IX— CONSTRUCTION CONTRACTS AWARDED 

Compiled from MacLean Building Reports Limited 



Millions of Dollars 





Private Contracts 


Public 
Contracts 
Awarded 


Total 
Con- 
tracts 


Distribution by Areas 


Calendar Year 


Resi- 
dential 


Industrial 


Business 


Engin- 
eering 


Total 
Private 


Maritime 


Que. 


Ont. 


Western 


1926 


109.6 


79.7 


74.3 


25.0 


288.6 


84.3 


372.9 


8.4 


151.9 


141.9 


70.7 


1927 


124.9 


40.0 


112.1 


26.6 


303.6 


115.4 


419.0 


9.5 


133.2 


196.2 


80.1 


1928 


139.2 


63.3 


122.7 


43.8 


369.0 


103.0 


472.0 


36.2 


144.2 


188.4 


103.2 


1929 


128.9 


63.0 


130.8 


99.4 


422.1 


154.6 


576.7 


20.2 


187.8 


215.8 


152.9 


1930 


93.3 


31.5 


77.3 


90.3 


292.4 


164.6 


457.0 


19.4 


154.7 


175.5 


107.4 


1931 


81.7 


14.8 


26.7 


51.1 


174.3 


141.2 


315.5 


16.9 


106.1 


125.5 


67.0 


1932 


28.9 


7.8 


17.7 


15.6 


70.0 


62.9 


132.9 


9.3 


52.5 


49.3 


21.8 


1933 


23.9 


9.1 


14.2 


9.0 


56.2 


41.1 


97.3 


7.2 


32.5 


42.6 


15.0 


1934 


30.6 


8.0 


17.5 


13.1 


69.2 


56.6 


125.8 


10.0 


34.1 


63.4 


18.3 


1935 


36.4 


10.3 


18.1 


22.1 


86.9 


73.4 


160.3 


14.4 


44.5 


70.9 


30.5 


1936 


42.9 


15.0 


21.7 


29.9 


109.5 


53.1 


162.6 


17.9 


45.7 


72.4 


26.6 



1926-29 
1929-33 
1933-36 
1926-36 

1935-36 



Increase or Decrease ( - ) 



18% 
-81% 

79% 
-61% 

18% 



-21% 

-86% 

65% 

-81% 

46% 



76% 
-89% 

53% 
-71% 

20% 



298% 

-91% 

232% 

20% 

35% 



46% 

-87% 

95% 

-62% 

26% 



83% 
-73% 

29% 
-37% 

-28% 



55% 
-83% 

67% 
-56% 

1% 



140% 
-64% 
149% 
113%, 

24% 



24% 
-83% 

41% 
-70% 

3% 



52% 
-80% 

70% 
-49% 

2% 



116% 

-90% 

77% 

-62% 

-13% 



CANADA: CONSTRUCTION CONTRACTS AWARDED 



MILLIONS OF DOLLARS 

600 




TOTAL CONTRACTS AWARDED- 1936 

PERCENTAGE DISTRIBUTION BY TYPE 




TOTAL CONTRACTS AWARDED -1936 

PERCENTAGE DISTRIBUTION BY AREAS 




1926 '27 "28 "29 '30 '31 '32 "33 "34 '35 '36 



16 



FEBRUARY 1937 



X— PRODUCTION : MANUFACTURING 

Dominion Bureau of Statistics 





Index of 
Manu- 
facturing 
1926=100 


Manufacturing Production 




Newsprint 
Thousands 

of 
Short Tons 


B.C. Timber 

Millions of 
Board feet 


Flour 

Millions of 
Barrels 


Sugar 

Millions of 
Pounds 


Steel 

Thousands 
of Long Tons 


Automobiles 
and Trucks 

Thousands 


Boots 
and Shoes 

Millions of 
Pairs 


Calendar Year 


















1926 


100 


1,889 


2,918 


19.1 


1,162 


776 


205 


19.9 


1929 


118 


2,725 


3,346 


19.8 


940 


1,378 


263 


20.5 


1932 


74 


1,919 


1,611 


14.9 


956 


339 


61 


18.4 


1935 


101 


2,753 


2,462 


14.2 


981 


936 


173 


21.7 


1936 


111 


3,180 


2,824 


14.9 


1,056 


1,114 


162 


21.5 


12 Months Ending 


















1936— Jan. 


96 


2,779 


2,571 


14.2 


974 


976 


176 


21.9 


Feb. 


96 


2,820 


2,585 


14.2 


969 


1,014 


171 


22.2 


Mar. 


99 


2,858 


2,612 


14.4 


967 


1,057 


167 


22.3 


Apr. 


106 


2,894 


2,615 


14.4 


966 


1,096 


168 


22.4 


May 


110 


2,919 


2,619 


14.4 


976 


1,117 


167 


22.1 


June 


112 


2,957 


2,635 


14.6 


981 


1,126 


168 


22.1 


July 


109 


2,998 


2,626 


14.9 


989 


1,109 


165 


22.0 


Aug. 


113 


3,032 


2,677 


15.1 


974 


1,107 


162 


21.9 


Sept. 


115 


3,078 


2,700 


15.1 


1,017 


1,102 


161 


22.0 


Oct. 


122 


3,113 


2,746 


15.0 


1,029 


1,105 


158 


22.0 


Nov. 


129 


3,136 


2,762 


14.8 


1,049 


1,109 


156 


21.9 


Dec. 


120 


3,180 


2,824 


14.9 


1,056 


1,114 


162 


21.5 


1937— Jan. 




3,241 








1,129 


169 





CANADA: PRODUCTION OF NEWSPRINT AND BRITISH COLUMBIA TIMBER 



3400 






1 
RUNNING 12-MONTH TOTALS 







NEWSPRINT — \ 


















1500 



1000 









-BCTH 


dBEF 


I 


















[ 





































3C 


TIMBER 












































1 




























| j 


| 




| 





3400 



00 § 
> 

2 
O 

00° 

I 
o 

!00h 
o 

z 



1800 
3500 



2500' 



1926 27 "26 "29 '30 '31 '32 '33 '34 "35 36 J F M A M 



J J A S 
1935 



O N D J F M A 



M J J 
1936 



D J F 
1937 



1500 



1000 



FEBRUARY 1937 



17 



X— PRODUCTION OF ELECTRIC POWER 

Dominion Bureau of Statistics and Bank of Canada 



Millions of Kilowatt Hours 
















Output of 


Central Electric Stations 


Exports 


Deliveries 

to 
Electric 
Boilers 


Losses 

(Estimated) 


Firm 




Generated 

by 

Water 


Generated 

by 

Fuel 


Total 


Consump- 
tion 
(Estimated) 


Daily Average 
















1926 


32.6 


0.5 


33.1 


4.1 


2.7 


4.3 


22.0 


1929 


48.5 


0.7 


49.2 


4.0 


5.9 


6.8 


32.5 


1932 


43.0 


0.9 


43.9 


1.8 


7.8 


6.3 


28.0 


1935 


63.0 


1.1 


64.1 


3.7 


17.0 


9.1 


34.3 


1936 


68.4 


1.2 


69.6 


4.3 


18.9 


9.8 


36.6 


1936— Jan. 


66.2 


1.3 


67.5 


3.8 


18.1 


9.6 


36.0 


Feb. 


65.5 


1.3 


66.8 


3.8 


18.2 


9.5 


35.3 


Mar. 


67.8 


1.1 


68.9 


4.1 


20.1 


9.7 


35.0 


Apr. 


71.1 


1.0 


72.1 


4.2 


22.8 


10.2 


34.9 


May 


66.1 


1.1 


67.2 


4.2 


18.7 


9.5 


34.8 


June 


66.4 


1.2 


67.6 


5.3 


17.2 


9.4 


35.7 


July 


64.2 


1.0 


65.2 


5.1 


16.3 


9.0 


34.8 


Aug. 


64.0 


1.2 


65.2 


4.6 


' 15.8 


9.1 


35.7 


Sept. 


66.8 


1.3 


68.1 


4.2 


16.6 


9.6 


37.7 


Oct. 


75.4 


1.4 


76.8 


4.2 


19.9 


10.9 


41.8 


Nov. 


74.0 


1.4 


75.4 


4.2 


21.8 


10.7 


38.7 


Dec. 


73.7 


1.3 


75.0 


4.1 


21.3 


10.6 


39.0 


1937— Jan. 


73.5 


1.3 


74.8 


4.4 


22.6 


10.6 


37.2 



CANADA : ELECTRIC POWER PRODUCTION 



MILLIONS OF KILOWATT HOURS 

80 



MILLIONS OF KILOWATT HOURS 




Sci 



3 



TATISTICAL SUMMARY 



ANK OF CANADA 



S2 . """^ \ 




MARCH 1937 



TABLE OF CONTENTS 



I Bank of Canada ....... 

II Chartered Banks ....... 

III Security Prices: 

1. Canadian Government Securities 

2. Canada, U. K. and U. S. A. Government Securities 

IV Public Finance: 

Dominion of Canada — Annual Comparisons . 

V Common Stock Price Indexes ..... 
VI Foreign Exchange Rates ..... 

VII External Trade : 

1. Imports ....... 

2. Exports ....... 

VIII Internal Trade: 

Retail Merchandise Sales ..... 

IX Retail Commodity Prices . . . ... 

X Employment Indexes ...... 

XI International Wheat Shipments .... 



Tables 
Page 


Charts 
Page 


. 2-3 


1 


4-5 


2-5 


. 6 


6 


7 


7 


. 8 


9 


10 


10 


. 11 


11 


. 12 


12 


. 13 


13 


. 14 


14 


. 15 


15 


. 16 


16 


. 17 


17 



Subscription $3.00 a year, post-free. For particulars apply to the Research Department, Bank of Canada, 
Ottawa. 



ARCH 1937 



MILLIONS OF DOLLARS 



400 




BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGC OF WEDNESDAY FIGURES 
MILLIONS OF DOLLARS 

400 



350 



300 



250 



200 



150 



100 



50 








BANK OF CANADA ASSET 

i§^ OTHER ASSETS /%& 


s 














SECURITIES \>00 










RESERVE 

yvv w vv \. ^w nAXXXXX/ 




^^^^^^^ 










aaX/y 






aXXx* 





1935 



1936 



1937 

















MARCH 1937 


Millions of Dollars 












I— BAP 








LIABILITIES 










Chartered Bank Cash 










Total 
Asset 
or 
Liabilit 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Govt. 
Deposits 


Other 
Deposits 


B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


Average of 
















= 


Wednesday Figures 


















1935- 9 Mths. 


37.2 


170.5 


213.7 


23.9 


0.7 


48.9 


6.8 


294.( 
322.( 


1936-12 Mths. 


40.5 


184.7 


225.2 


22.5 


1.0 


64.0 


9.3 


Feb. 


35.6 


181.7 


217.3 


25.1 


1.1 


51.1 


6.0 


300.1 


Mar. 


33.8 


185.9 


219.7 


23.2 


1.7 


51.7 


6.2 


302.1 


Apr. 


35.5 


185.5 


221.0 


22.0 


1.0 


54.9 


7.6 


306.: 


May 


36.7 


187.1 


223.8 


25.8 


0.9 


55.2 


7.4 


313. 


June 


36.9 


186.9 


223.8 


25.5 


1.1 


57.5 


7.8 


315. 


July 


39.1 


186.6 


225.7 


16.2 


0.6 


60.7 


7.3 


310. 


Aug. 


38.9 


184.6 


223.5 


23.6 


0.8 


64.0 


8.5 


320.. 


Sept. 


45.6 


172.6 


218.2 


16.1 


0.4 


75.0 


11.6 


321. 


Oct. 


50.0 


177.5 


227.5 


16.2 


0.2 


80.7 


13.5 


338. 


Nov. 


47.9 


199.1 


247.0 


20.8 


0.7 


80.9 


16.2 


365. 


Dec. 


46.2 


192.0 


238.2 


24.1 


2.1 


83.5 


14.1 


362. 


1937— Jan. 


52.1 


190.3 


242.4 


22.1 


2.0 


77.9 


12.6 


357. 


Feb. 


44.0 


194.5 


238.5 


34.6 


1.0 


76.2 


12.4 


362. 


Wednesdays 


















Mar. 3 


39.4 (1) 


195.4 


234.8 (1) 


26.1 


1.7 


81.1 (1) 


19.3 


363. 


10 


41.1 (1) 


197.7 


238.8 (1) 


24.3 


2.0 


79.7 (1) 


13.2 


358. 


17 


41.7 <l) 


197.2 


238.9 (,) 


26.4 


1.6 


80.4°' 


13.3 


360. 


(1) Estimates. 



















MILLIONS OF DOLLARS 

250r 



CHARTERED BANKS • CASH IN CANADA AND CANADIAN DEPOSITS 

TWELVE-MONTH MOVING AVERAGES CENTERED ON TWELFTH MONTH 



MILLIONS OF DOLLARS 

2500 



2300 




2100 



1900 



1700 



1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 



1500' 



ARCH 1937 




















^NADA 










Millions of Dollars 


ASSETS 




Reserve 


Securities 


Advances 


All 
Other 

Accounts 






Silver 


Foreign 
Currencies 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total 


Banks 


Dominion 
Govt. 


Prov. 
Govts. 
























Average of 
Wednesday Figures 




1.4 


10.3 


25.6 


94.0 


119.6 


0.1 


4.0 


- 


4.0 


1935- 9Mths. 




1.8 


11.4 


37.0 


86.3 


123.3 


- 


0.2 


1.5 


4.1 


1936-12Mths. 




1.5 


8.8 


23.9 


81.8 


105.7 


_ 


_ 


_ 


4.2 


Feb. 




1.6 


9.5 


26.4 


82.3 


108.7 


- 


- 


- 


2.5 


Mar. 




1.6 


11.1 


27.6 


82.0 


109.6 


- 


- 


- 


3.9 


Apr. 




1.7 


13.3 


29.9 


81.3 


111.2 


- 


- 


2.0 


5.1 


May 




1.7 


15.8 


28.5 


82.7 


111.2 


0.2 


- 


3.0 


3.9 


June 




1.8 


10.3 


30.0 


82.0 


112.0 


- 


- 


3.0 


3.6 


July 




1.8 


18.9 


31.3 


80.4 


111.7 


- 


- 


3.0 


5.6 


Aug. 




1.9 


5.3 


42.3 


86.3 


128.6 


- 


- 


3.0 


3.1 


Sept. 




1.9 


5.1 


51.8 


93.7 


145.5 


- 


- 


3.0 


3.2 


Oct. 




2.0 


12.3 


63.0 


100.7 


163.7 


- 


- 


1.0 


7.4 


Nov. 




2.0 


14.6 


62.2 


99.5 


161.7 


- 


- 


- 


4.4 


Dec. 




2.3 


11.7 


61.7 


98.0 


159.7 


- 


- 


- 


3.8 


Jan.— 1937 




2.3 


14.7 


58.7 


102.9 


161.6 


- 


- 


- 


4.6 


Feb. 

Wednesdays 




2.3 


15.2 


53.8 


101.8 


155.6 


- 


- 


- 


10.5 


Mar. 3 




2.3 


17.5 


52.6 


101.8 


154.4 


- 


- 


- 


4.4 


10 




2.4 


17.7 


51.0 


101.5 


152.5 


- 


- 


- 


5.0 


17 



100% 



80% 



60% 



40% 



20% 



CHARTERED BANKS ^RATIOS OF TOTAL LOANS AND SECURITIES TO DEPOSITS 

TWELVE-MONTH MOVING AVERAGES CENTERED ON TWELFTH MONTH 



— 


•*•■•% 


^TOTAL LOANS 











•-*** 4 




*-- 






— 






**W1 


v 

^y^**' 


»» 


— 




TOTAL SECURITIES -\ 


^^^^^ 








— 


1 


, 


, 


, 





100% 



80% 



60% 



40% 



20% 



1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 





















MARCH 


L937 


















II 


—CANADIAN ( 


Millions of Dollars 


















Ban. 




LIABILITIES 






Notes 


Deposits 


Cash 
in 


Securii 
























Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits* 1 ' 


Foreign 


Total 
Deposits"' 


Canada ' 


Dom. 
and Prov. 


Oth 


Average of 






















Month-end Figures 






















1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


18 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


15 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


20 


1935 


126 


569 


1,445 


65 


2,108 


348 


2,476 


216 


861 


18 


1936 


119 


618 


1,518 


77 


2,267 


401 


2,668 


225 


1,075 


25 


End of 






















Feb. 


124 


534 


1,517 


101 


2,199 


396 


2,596 


218 


1,041 


22 


Mar. 


124 


569 


1,532 


96 


2,249 


414 


2,644 


221 


1,071 


24 


Apr. 


120 


622 


1,536 


71 


2,285 


392 


2,676 


222 


1,077 


% 


May 


123 


578 


1,527 


88 


2,242 


391 


2,633 


219 


1,081 


2( 


June 


123 


622 


1,505 


80 


2,267 


389 


2,656 


224 


1,084 


2f 


July 


119 


619 


1,494 


62 


2,230 


376 


2,606 


222 


1,088 


2( 


Aug. 


124 


626 


1,503 


46 


2,229 


428 


2,657 


219 


1,084 


2; 


Sept. 


116 


648 


1,501 


114 


2,321 


406 


2,727 


221 


1,107 


2' 


Oct. 


118 


664 


1,510 


86 


2,314 


409 


2,723 


227 


1,097 


21 


Nov. 


116 


680 


1,547 


42 


2,319 


415 


2,734 


259 


1,059 




Dec. 


109 


682 


1,548 


72 


2,355 


418 


2,773 


235 


1,116 


2 


1937— Jan. 


109 


644 


1,549 


137 


2,383 


406 


2,788 


241 


1,109 


3 


Feb. 


114 


656 


1,564 


150 


2,423 


421 


2,843 


233 


1,123 





(l) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposit: 

(■») Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 

(5) Chartered Bank note circulation and Bank of Canada notes in public circulation. 



MILLIONS OF DOLLARS 

3000 



2400 



CHARTERED BANKS : CANADIAN ASSETS 

MONTH-END FIGURES 



MILLIONS OF DOLLARS 

3000 



2400 



1800 




1200 



0) 



1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 

t ASSETS OTHER THAN KNOWN FOREICN.THEY INCLUDE INVESTMENTS IN FOREIGN PUBLIC SECURITIES WHICH WERE NOT LISTED SEPARATELY BEFORE JULY ISM 






1ARCH 1937 










RED BANKS 








ASSETS 




Loans 


Total 

Assets 




Canada 


Foreign 


Call | Current 


Call 


Current 




140 


1,021 


250 


261 


2,864 




267 


1,455 


301 


248 


3,528 




117 


1,197 


84 


172 


2,869 




82 


963 


72 


146 


2,957 




93 


819 


64 


150 


3,145 




78 


869 


62 


146 


3,073 




77 


864 


70 


140 


3,143 




83 


862 


66 


142 


3,154 




87 


828 


58 


145 


3,108 




91 


777 


64 


150 


3,135 




91 


768 


58 


147 


3,084 




91 


776 


59 


155 


3,141 




105 


807 


60 


156 


3,205 




109 


816 


66 


160 


3,202 




116 


800 


75 


156 


3,206 




114 


791 


75 


162 


3,242 




119 


796 


72 


162 


3,262 




119 


805 


68 


168 


3,329 












fHARTFRFn 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 


Canadian 


Ratio of 
Cash to 


Total 
Active 




in 
Canada (3) 


Deposits* 4 ' 


Deposits in 


Note 






Canada 


Circulation' 5 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


217 


2,155 


10.1 


167 


Feb. 


219 


2,186 


10.0 


171 


Mar. 


220 


2,214 


10.0 


175 


Apr. 


223 


2,228 


10.0 


175 


May 


224 


2,203 


10.2 


176 


June 


225 


2,188 


10.3 


178 


July 


221 


2,179 


10.2 


184 


Aug. 


219 


2,237 


9.8 


195 


Sept. 


227 


2,267 


10.0 


197 


Oct. 


247 


2,274 


10.9 


194 


Nov. 


238 


2,285 


10.4 


200 


Dec. 


240 


2,302 


10.4 


182 


Jan.— 1937 


238 


2,301 


10.3 


184 


Feb. 



CHARTERED BANKS ■ FOREIGN ASSETS 



MILLIONS OF DOLLARS 



MONTH-END FIGURES 



MILLIONS OF DOLLARS 




I E. KNOWN FOREIGN ASSETS. THE* EXCLUDE INVESTMENTS IN FOREIGN PUBLIC SECURITIES WHICH WERE NOT LISTED SEPARATELY BEFORE JULY l»M 



MARCH 1937 



HI— SECURITY PRICES 

Bank of Canada 



Dominion of Canada Bonds Payable in Canada Only 
Middle Prices and Yields 





4K% due Nov. 1, 


3% due 


June 1, 


5% due 


Oct. 15, 


2 l A% due 


June 1, 


2% due Nov. 15, 




1948-58 


1950-55 


1943 


1943 


1939 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Average of working 






















days 






















1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


101.91 


1.40 


1936— Feb. 


109.64 


3.55 


98.12 


3.13 


113.88 


2.96 


102.21 


2.17 


101.18 


1.67 


Mar. 


110.19 


3.50 


98.26 


3.12 


114.25 


2.89 


102.40 


2.14 


101.61 


1.55 


Apr. 


110.26 


3.49 


98.75 


3.09 


114.36 


2.86 


102.51 


2.12 


101.50 


1.57 


May 


110.45 


3.46 


99.15 


3.06 


114.63 


2.80 


102.64 


2.09 


101.65 


1.52 


June 


111.59 


3.35 


99.61 


3.03 


115.36 


2.68 


103.03 


2.03 


102.05 


1.38 


July 


112.43 


3.27 


101.07 


2.91 


115.95 


2.57 


103.30 


1.98 


102.43 


1.25 


Aug. 


113.54 


3.16 


102.43 


2.79 


116.52 


2.47 


103.76 


1.91 


102.84 


1.10 


Sept. 


113.71 


3.13 


101.59 


2.86 


116.55 


2.44 


103.89 


1.88 


102.89 


1.07 


Oct. 


111.88 


3.30 


100.01 


3.00 


114.28 


2.74 


102.56 


2.09 


102.24 


1.26 


Nov. 


112.30 


3.25 


100.49 


2.96 


114.47 


2.69 


101.97 


2.18 


102.01 


1.31 


Dec. 


112.81 


3.20 


101.21 


2.89 


114.88 


2.61 


102.45 


2.09 


102.01 


1.30 


1937— Jan. 


112.39 


3.23 


100.47 


2.96 


114.20 


2.69 


102.15 


2.14 


101.82 


1.34 


Feb. 


110.27 


3.43 


98.38 


3.12 


112.11 


2.98 


101.44 


2.25 


101.38 


1.49 


Mar. 1-20 


108.29 


3.62 


95.97 


3.29 


110.88 


3.16 


100.97 


2.33 


101.66 


1.36 



DOMINION OF CANADA DOMESTIC BOND YIELDS 1936-37 



06% 



-06% 




38% 



FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC JAN. FEB 



[ARCH 1937 









III— SECURITY PRICES 
















Bank of Canada 












Government Bonds'" 

Middle Prices and Yields 


Treasury Bill Tenders' 4 ' 




Canada 


U. K.< 2 > 


U.S.A.< 3 > 


Canada 


U.K. 


U.S.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 


3 Months 


3 Months 


9 Months 


Average of Working 
days 




















1936 


105.67 


3.18 


106.48 


3.06 


103.45 


2.67 


.843 


.595 


.131 


1936— Feb. 


103.88 


3.34 


106.53 


3.07 


102.02 


2.78 


1.055 


.518 


.078 


Mar. 


104.23 


3.31 


106.10 


3.10 


102.71 


2.73 


.999 


.538 


.104 


Apr. 


104.51 


3.29 


106.72 


3.05 


103.11 


2.70 


.879 


.528 


.100 


May 


104.80 


3.26 


106.54 


3.06 


103.33 


2.68 


.896 


.525 


.181 


June 


105.60 


3.19 


105.90 


3.10 


103.18 


2.69 


.838 


.904 


.242 


July 


106.75 


3.09 


106.19 


3.08 


103.34 


2.68 


.757 


.581 


.071 


Aug. 


107.99 


2.97 


106.53 


3.06 


103.88 


2.64 


.689 


.526 


.194 


Sept. 


107.65 


3.00 


107.01 


3.03 


104.12 


2.62 


.643 


.520 


.146 


Oct. 


105.95 


3.15 


107.21 


3.01 


103.87 


2.64 


.702 


.539 


.141 


Nov. 


106.40 


3.11 


106.96 


3.02 


105.00 


2.56 


.749 


.526 


.101 


Dec. 


107.01 


3.05 


105.68 


3.11 


105.17 


2.55 


.747 


.906 


.117 


1937— Jan. 


106.43 


3.09 


104.87 


3.16 


105.57 


2.51 


.747 


.526 


.345 


Feb. 


104.33 


3.28 


102.38 


3.33 


105.65 


2.50 


.776 


.520 


.373 


Mar. 1-20 


102.13 


3.46 


101.24 


3.41 


104.92 


2.56 


.805 


.521 


.525 



(i) Average of two long term issues noted on chart below. 

U) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

U) Exempt from Federal Income and certain States taxes. 

(♦) Yield of issue sold on (or nearest date to) 15th of each month. 



COMPARATIVE TRENDS Of LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 1936-37 




FEB MAR 



MARCH 1937 



IV— PUBLIC FINANCE 
DOMINION OF CANADA— ANNUAL COMPARISONS'" 
Debt Increases and Disbursements in red. Debt Decreases and Receipts in black 



Millions of Dollars 



Compiled from Dominion Public Accounts and 1937 Budget Speech 



Increase or Decrease in Total Dominion 
Direct Debt Less Sinking Fund 

Increase or Decrease in Cash Assets'". . 
Increase or Decrease in Total Dominion Direct 
Debt Less Sinking Fund and Cash Assets .... 
Accounted for as follows : 
Ordinary Revenue — Cash Basis 

Income Tax 

Other Direct Taxes 

Sales Tax 

Customs Import Duties 

Other Indirect Taxes — Excise 

Interest on Investments 

All Other Ordinary Revenue 

Total Ordinary Revenue 

Ordinary Expenditure — Adjusted Cash Basis 

Subsidies to Provinces (incl. Interim Subs) 

Subventions to Provinces (incl. O.A.P.) . . 

Debt Charges (incl. Amortised Discount' 3 ') 

Administration, Legislation and Justice. . 

Nat. Defence, Soldier Pens. & After-care 

Public Works and Development 

All Other Ordinary Expenditure 

Total Ordinary Expenditure"' 

Other Disbursements or Receipts 

Relief (including P.W.C.A.) 

Wheat Bonus and Loss on Pool Operations 

Reparations and Misc. Accounts (Net) . 

Rail Transport 

C.N.R. Deficits 

Purchase and Betterment of Equipment 
Other Advances and Investments. . . 
Total Rail Transport 

Water Transport and Facilities'" 

Public Buildings 

Advances to Foreign Governments 

Settlement Loans 

Loans to Provinces re Relief 

Housing Loans (Provincial and Dominion) 

Canadian Farm Loan Board 

Bank of Canada Stock 

Unamortised Debt Discount 

Increase or Decrease in Total Dominion Direct 
Debt Less Sinking Fund and Cash Assets. . . 

C.N.R. and Harbour Commission Bonds 

Guaranteed by Dominion 

Not Guaranteed by Dominion' 6 ' 



During Fiscal Years Ending March 31 



1926 

42 

24 

18 



56 

4 

74 

127 

67 

9 

44 

381 



32 
60 

44 

325 



10 

10 

97 



18 



1927 



46 



44 



47 

4 

82 

142 

72 

9 

43 

399 

13 

2 
134 

35 

61 

4L 

38 

324 



13 

J!) 



44 



1928 



66 

14 

80 



57 

4 

72 

157 
76 
11 
46 

423 

14 
3 

133 
36 
65 
48 
1(1 

339 



4 
6 

22 

1 
5 
1 

10 



3 
80 



1929 



46 

33 

79 



59 

3 

64 

187 
83 
12 
47 

455 

14 
2 

129 
38 
70 
56 
42 

351 



6 

4 

6 
10 

24 
1 

1 



3 
79 



1930 

72 

53 

19 



69 

2 

45 

179 
84 
14 
48 

441 

14 
2 

1 25 
40 
72 
60 
15 

358 



30 
34 



1 
2 

-_) 

3 
19 



1931 



99 

25 

74 



71 

2 

21 

131 
72 
10 
43 

350 

1!) 
6 

1 25 
45 
80 
CI 
49 

388 

4 



15 



1 

4 
74 



1932 



205 

7 

198 



61 

2 

42 

104 

66 

9 

43 

327 

15 

11 
127 
44 
79 
51 
45 
372 

38 

11 
4 



47 
54 



23 

1 

■) 

4 
198 



1933 

141 

51 

192 



62 
2 
57 
70 
63 
11 
42 
307 

15 

12 

140 

40 

69 

10 

40 
356 



02 

18 
80 

10 



16 

1 

1 

192 



1934 



153 



153 



61 
2 
61 
66 
81 
11 
42 
324 

15 

13 
145 
38 
07 
34 
42 
354 



59 

3 
62 

1 1 



153 



1935 



174 

10 

164 



67 
6 
72 
76 
84 
11 
42 
358 

15 
15 

143 
42 
68 
35 
42 

360 

00 
2 

48 

16 
64 

10 



164 



1936 



226 

1 

225 



83 
4 
78 
74 
79 
11 
43 
372 

18 
17 

140 
44 
7l ; 
40 
43 

374 

79 

23 



47 
10 

60 

11 



1 

12 
3 
8 

4 

225 



30 



18 

5 



90 

29 



79 
33 



1 18 
5 



45 



28 



(t) Adjustments have been made to place the figures on a comparable basis during the period under review. 

(2) Cash assets are bank balances, coin and bullion, special deposits. King's Printer advance and bond holding account. 

(3) Including estimates for issues made prior to March 31, 1930. 

M> Harbour Commissions, Canals, Harbours and Inland Waterways and shipping. 

(5) Budget estimate adjusted to March 31, 1937. 

(6) Published figures adjusted by known issues and redemptions to give Dominion fiscal year changes. 



DOMINION OF CANADA 

REVENUE. EXPENDITURE AND INCREASE OR DECREASE IN DIRECT DEBT* 
DURING FISCAL YEARS ENDING MARCH 31 



MILLIONS OF DOLLARS 

600 



MILLIONS OF DOLLARS 




REVENUE AND DIRECT DEBT 
INCREASE OR DECREASE 



TOTAL EXPENDITURE- 




1926 '27 '28 "29 '30 '31 '32 '33 *34 '35 '36 '37 

(I) TOTAL DIRECT DEBT LESS SINKING FUNO AND CASH ASSETS 



1926 '27 '28 '29 '30 '31 '32 '33 '34 '35 '36 '37 



10 



MARCH 1937 



Index 1926 = 100 



V— COMMON STOCK PRICES 

Dominion Bureau of Statistics 





Investors' Index 


Mining Index 




INDUSTRIALS 


Utilities 


Total 


Golds 


Base 


Total 




Papers 


Oils 


Total 


Index 


Metals'" 


Index 


Average of Months 


















1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


95.0 


310.0 


275.3 


147.9 


190.7 


72.1 


265.1 


105.4 


1932 


7.3 


99.9 


63.3 


49.2 


55.6 


56.3 


60.4 


56.8 


1935 


12.5 


202.6 


145.2 


47.0 


93.7 


116.4 


155.2 


123.9 


1936 


20.6 


230.5 


198.4 


55.9 


119.2 


129.3 


259.1 


154.6 


Monthly 


















1936— Feb. 


20.2 


246.5 


200.0 


57.0 


120.7 


130.2 


230.4 


149.8 


Mar. 


18.5 


237.3 


194.8 


55.5 


117.4 


122.7 


232.2 


144.2 


Apr. 


17.5 


244.5 


194.2 


53.2 


115.9 


122.8 


241.1 


145.8 


May 


16.7 


234.0 


187.9 


52.5 


112.8 


128.9 


239.2 


150.3 


June 


17.5 


228.1 


189.3 


53.3 


113.8 


134.4 


246.0 


156.1 


July 


18.6 


224.3 


190.1 


53.8 


114.3 


134.4 


254.1 


157.6 


Aug. 


18.0 


218.9 


191.4 


53.1 


114.7 


132.6 


264.0 


158.1 


Sept. 


20.3 


220.6 


200.6 


54.8 


119.5 


131.2 


267.1 


157.6 


Oct. 


24.4 


232.5 


212.3 


59.8 


126.9 


126.4 


289.4 


158.2 


Nov. 


27.5 


233.4 


219.9 


62.4 


131.8 


131.8 


312.5 


167.0 


Dec. 


29.7 


215.4 


212.8 


62.8 


129.2 


131.3 


317.8 


167.7 


1937— Jan. 


37.2 


229.6 


222.0 


68.5 


137.4 


137.5 


329.6 


174.6 


Feb. 


36.7 


235.2 


228.8 


73.1 


142.4 


139.4 


344.8 


177.2 


Week Ending 


















1937— Mar. 4 


37.1 


249.7 


241.9 


73.3 


148.2 


137.6 


347.7 


178.3 


11 


38.5 


249.3 


245.4 


72.4 


149.5 


133.1 


348.0 


174.8 


18 


37.8 


244.5 


242.2 


70.4 


147.1 


132.6 


335.8 


172.0 



(l) Chiefly Copper. 



COMMON STOCK PRICES 





■a#"*"# 



#*r 



UTILITIES — v # 



INDEX 

275 



225 



175 



25 



75 



25 



1926 '27 "28 "29 '30 "31 '32 '33 "34 '35 '36 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 

1935 1936 1937 



<\RCH 1937 



11 



Cents per unit 



VI— FOREIGN EXCHANGE RATES 

Federal Reserve Bulletin and Bank of Canada^ 





Sterli 


ne in 


U.S. Dollar 


Can. ] 


Dollar 


Sterling in 


French Franc 




Canada* 2 ' 


in Canada 01 


in New York (3) 


New York< 2) 


in New 


York«> 






Premium or 




Premium or 




Premium or 




Premium or 




Premium or 


Average of All 




Discount 




Discount 




Discount 




Discount 




Discount 


Working Days 




% 




% 




% 




% 




% 


1928 


487.07 


+ 0.08 


100.09 


+ 0.09 


99.91 


- 0.09 


486.62 


- 0.01 


3.921 


+ 0.08 


1929 


489.34 


+ 0.55 


100.75 


+ 0.75 


99.25 


- 0.75 


485.69 


- 0.20 


3.916 


- 0.05 


1930 


486.98 


+ 0.07 


100.16 


+ 0.16 


99.84 


- 0.16 


486.21 


- 0.09 


3.925 


+ 0.18 


1931 


470.80 


- 3.26 


103.81 


+ 3.81 


96.33 


- 3.67 


453.50 


- 6.82 


3.920 


+ 0.05 


1932 


398.01 


-18.21 


113.52 


+ 13.52 


88.09 


-11.91 


350.61 


-27.96 


3.928 


+ 0.26 


1933 


460.73 


- 5.33 


108.74 


+ 8.74 


91.96 


- 8.04 


423.68 


-12.94 


5.031 


+28.41 


1934 


498.91 


+ 2.52 


99.00 


- 1.00 


101.01 


+ 1.01 


503.93 


+ 3.55 


6.569 


+67.67 


1935 


492.67 


+ 1.24 


100.50 


+ 0.50 


99.49 


- 0.51 


490.18 


+ 0.72 


6.601 


+68.48 


1936 


497.49 


+ 2.22 


100.06 


+ 0.06 


99.94 


- 0.06 


497.17 


+ 2.16 


6.114 


+56.05 


1936— Feb. 


499.41 


+ 2.62 


99.86 


- 0.14 


100.14 


+ 0.14 


500.11 


+ 2.76 


6.681 


+70.53 


Mar. 


497.83 


+ 2.30 


100.13 


+ 0.13 


99.87 


- 0.13 


497.17 


+ 2.16 


6.634 


+69.33 


Apr. 


496.73 


+ 2.07 


100.47 


+ 0.47 


99.53 


- 0.47 


494.41 


+ 1.59 


6.590 


+68.20 


May 


497.98 


+ 2.33 


100.18 


+ 0.18 


99.82 


- 0.18 


497.09 


+ 2.14 


6.586 


+68.10 


June 


503.28 


+ 3.42 


100.26 


+ 0.26 


99.74 


- 0.26 


501.96 


+ 3.14 


6.593 


+68.28 


July 


502.68 


+ 3.29 


100.08 


+ 0.08 


99.92 


- 0.08 


502.27 


+ 3.21 


6.620 


+68.97 


Aug. 


502.65 


+ 3.29 


100.01 


+ 0.01 


99.99 


- 0.01 


502.58 


+ 3.27 


6.585 


+68.07 


Sept. 


503.90 


+ 3.54 


99.97 


- 0.03 


100.03 


+ 0.03 


504.04 


+ 3.57 


6.341 (S) 


+61.85 


Oct. 


489.72 


+ 0.63 


99.97 


- 0.03 


100.03 


+ 0.03 


489.86 


+ 0.66 


4.666 


+ 19.09 


Nov. 


488.17 


+ 0.31 


99.86 


- 0.14 


100.14 


+ 0.14 


488.85 


+ 0.45 


4.647 


+ 18.61 


Dec. 


490.42 


+ 0.77 


99.93 


- 0.07 


100.07 


+ 0.07 


490.78 


+ 0.85 


4.668 


+ 19.15 


1937— Jan. 


490.93 


+ 0.88 


100.03 


+ 0.03 


99.97 


- 0.03 


490.77 


+ 0.85 


4.667 


+ 19.12 


Feb. 


489.53 


+ 0.59 


100.02 


+ 0.02 


99.98 


- 0.02 


489.43 


+ 0.57 


4.656 


+ 18.84 



<i) All Rates in 1928-35 are noon buying rates; sterling and dollar rates in 1936 and after are noon middle rates. 
(2) Par of 486.656 (3) Par of 100 (4) Par of 3.9179. 

(5) Revised in Federal Reserve Bulletin, February 1937. 



+10% 



CANADIAN DOLLAR AND POUND STERLING IN NEW YORK 

PERCENTAGE PREMIUM OR DISCOUNT 




1936 1937 



12 



MARCH 1937 



Millions of Dollars 



VII— EXTERNAL TRADE: IMPORTS 
SOURCES OF CERTAIN COMMODITIES 

Compiled from Trade of Canada, Dominion Bureau of Statistics 



Calendar Year 

1926 
1929 
1932 
1935 
1936 



Fruits and Vegetables 



U.K. 

1.1 
1.3 

0.8 
0.6 
0.5 



U.S.A. 

32.8 
38.1 
16.1 
15.6 
19.5 



Other 

7.0 
10.6 

9.9 
11.9 

12.8 



Petroleum and 
Products 



U.K. 

0.1 
0.3 
0.1 
0.1 
0.1 



U.S.A. 

45.5 
65.1 
33.1 
34.7 
39.3 



Other 

6.9 

12.5 

10.3 

9.4 

10.4 



Anthracite Coal 



U.K. 

2.7 
4.5 
6.9 
6.6 
6.3 



U.S.A. 

30.6 
23.6 
12.2 
9.8 
10.0 



Other 

0.9 
0.7 
0.2 
1.0 
1.6 



Rubber and Products 



U.K. 



0.8 
0.6 
0.5 
0.7 
0.6 



U.S.A. 



26.3 

21.1 

3.3 

4.1 

3.6 



Other 



2.9 
1.0 
0.2 

4.7 
8.0 





Cotton Products 


Wool Products 


Rolling Mill Products 


Machinery and 
Vehicles 




U.K. 


U.S.A. 


Other 


U.K. 


U.S.A. 


Other 


U.K. 


U.S.A. 


Other 


U.K. 


U.S.A. 


Other 


Calendar Year 


























1926 


15.4 


14.3 


3.2 


32.3 


1.5 


5.4 


5.2 


39.8 


2.7 


5.5 


117.8 


1.3 


1929 


12.6 


17.7 


3.5 


31.1 


2.0 


7.3 


8.2 


52.7 


3.8 


6.8 


199.1 


2.5 


1932 


6.3 


4.7 


2.2 


9.2 


0.3 


1.6 


6.6 


6.6 


0.9 


2.9 


34.3 


0.9 


1935 


10.9 


2.9 


2.0 


12.6 


0.3 


0.7 


12.1 


11.5 


0.9 


4.0 


57.0 


1.3 


1936 


11.0 


3.8 


2.1 


14.6 


0.3 


0.9 


11.9 


14.7 


1.3 


4.9 


73.9 


1.4 



MERCHANDISE IMPORTS 

CALENDAR years 



MILLIONS OF DOLLARS 

45 



1926 '27 '28 '29 '30 '31 '32 "33 '34 '35 '36 1926 '27 "28 "29 '30 '31 '32 '33 "34 '35 '36 




MILLIONS OF DOLLARS 

18 






ANTHRACITE COAL 








N^j— 


J S A 




U.K. — . 




y ?y 


„..**.„,-' 


»* "'••■■I 




32 

24 



1926 "27 "28 '29 '30 '31 "32 "33 '34 '35 '36 1926 '27 "E8 '29 "30 '31 '32 "33 '34 "35 '36 







ARCH 1937 



13 



Millions of Dollars 



VII— EXTERNAL TRADE: EXPORTS 
MARKETS FOR CERTAIN COMMODITIES 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Wheat Flour 


Fish 


Bacon and Hams 


Lumber 




U.K. 


U.S.A. 


Other 


U.K. 


U.S.A. 


Other 


U.K. 


U.S.A. 


Other 


U.K. 


U.S.A. 


Other 


Calendar Year 


























1926 


24.3 


0.1 


47.6 


5.5 


14.8 


15.7 


22.0 


0.6 


0.2 


6.7 


50.2 


5.0 


1929 


13.8 


- 


38.9 


3.7 


15.4 


16.9 


5.8 


0.9 


0.2 


5.8 


38.8 


4.7 


1932 


7.7 


- 


9.5 


4.2 


8.5 


5.8 


3.0 


0.4 


0.4 


3.5 


6.6 


2.5 


1935 


9.3 


0.6 


9.1 


6.4 


10.0 


7.6 


19.7 


0.1 


0.1 


13.6 


8.2 


4.2 


1936 


9.9 


0.4 


10.3 


5.3 


12.2 


6.6 


25.1 


0.6 


0.2 


19.0 


12.8 


5.1 





Newsprint 


Copper 


Nickel 


Automobiles and Parts 




U.K. 


U.S.A. 


Other 


U.K. 


U.S.A. 


Other 


U.K. 


U.S.A. 


Other 


U.K. 


U.S.A. 


Other 


Calendar Year 


























1926 


1.0 


106.8 


6.3 


1.3 


13.2 


0.5 


4.2 


6.2 


2.1 


3.3 


0.5 


34.4 


1929 


9.8 


129.0 


10.1 


0.9 


33.0 


3.5 


2.8 


17.3 


5.4 


4.4 


0.2 


42.4 


1932 


3.6 


72.0 


7.3 


5.7 


8.0 


2.5 


1.3 


3.9 


2.1 


1.1 


0.1 


5.8 


1935 


3.5 


71.0 


13.5 


14.9 


7.0 


7.8 


12.6 


16.1 


7.6 


3.6 


0.1 


22.2 


1936 


2.9 


83.5 


17.2 


23.2 


2.2 


11.1 


14.1 


22.6 


7.9 


2.3 


0.2 


20.6 



MILLIONS OF DOLLAR 

45 



MERCHANDISE EXPORTS 

CALENDAR YEARS 




MILLIONS OF DOLLARS 





\ FISH 




^^r^^^ 


^S. 


o 


NX ^^ 

THER-W\^^»- 


USA. ^f 








l>~< 


**^ ' 



18 



12 



1926 "27 '28 "29 '30 31 '32 "33 "34 "35 '36 1926 '27 '23 "29 '30 '31 '32 '33 '34 '35 



36 



40 



20 





1926 '27 '28 '29 '30 '31 '32 '33 '34 '35 '36 1926 '27 '28 "29 '30 '31 '32 "33 '34 '35 '36 



14 



MARCH 1937 



VIII— INTERNAL TRADE: RETAIL MERCHANDISE SALES 



Millions of Dollars 








Dominic 


n Bureau of Statistics 


















Type of 


Business 




TOTAL 




Distribution by Areas 






Food 


General 


Auto- 




Furniture 


All 


SALES 














and 

Clothing 


Mer- 
chandise 


m tive 


Materials 


and 
Household 


Other 




Maritime 


Quebec 


Ontario 


Prairie 


Columbia(l) 


Calendar Year 


























1926 


858 


653 


333 


192 


83 


449 


2568 


175 


575 


998 


591 


229 


1927 


928 


699 


366 


207 


92 


491 


2783 


185 


625 


1081 


645 


247 


1928 


986 


743 


420 


220 


106 


561 


3036 


200 


674 


1186 


709 


267 


1929 


1019 


754 


488 


207 


120 


570 


3158 


215 


722 


1250 


087 


284 


1930 


911 


681 


382 


162 


102 


518 


2756 


19S 


651 


1100 


555 


252 


1931 


786 


586 


298 


129 


82 


445 


2326 


173 


562 


951 


430 


210 


1932 


664 


489 


235 


96 


59 


374 


1917 


141 


465 


787 


360 


164 


1933 


620 


464 


218 


83 


51 


341 


1777 


129 


421 


736 


334 


157 


1934 


656 


499 


268 


95 


59 


365 


1942 


144 


447 


815 


362 


174 


1935 


677 


512 


306 


101 


65 


375 


2036 


152 


462 


848 


385 


189 










Increase 


or Decrease (-) in 


Retail Merdiandise Trade 








1926-1929 


19% 


16% 


47% 


8% 


45% 


27% 


23% 


25% 


26% 


25% 


16% 


24% 


1929-1933 


-39% 


-38% 


-55% 


-60% 


-57% 


-40% 


-44% 


-40% 


-42% 


-41% 


-51% 


-45% 


1933-1935 


9% 


10% 


40% 


22% 


27% 


10% 


15% 


18% 


10% 


15% 


15% 


20% 


1926-1935 


-21% 


-22% 


-8% 


-47% 


-22% 


-16% 


-21% 


-13% 


-20% 


-15% 


-35% 


-17% 



(1) Including Yukon and Northwest Territories. 



MILLION S OF DOLLARS 

1250 

1000 



RETAIL MERCHANDISE SALES 



MILLIONS OF COLLARS 



DISTRIBUTION BY PROVINCES 

V~\ BRTISH COLUMBIA 
~] MAN-SASK-ALTA. 




1926 1927 1926 1929 1930 1931 1932 1933 1934 1936 1926 '27 '26 "29 '30 '31 '32 '33 '34 '35 



ARCH 1937 



15 



Index 1926 = 100 



IX— RETAIL COMMODITY PRICES 

FOODS «> 

Dominion Bureau of Statistics 























Total 


Whole- 






Beef 


Eggs 


Milk 


Butter 


Cheese 


Potatoes 


Bread 


Tea 


Sugar 


Retail 


sale 


Cost of 
Living 






















Foods 


Foods 


Average of Months 


























1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


141.9 


101.1 


106.7 


105.1 


105.0 


68.5 


100.0 


98.2 


93.6 


101.0 


100.0 


99.9 


1932 


81.1 


62.8 


82.5 


56.6 


64.8 


33.9 


79.7 


65.3 


75.6 


64.3 


61.5 


81.3 <2 > 


1935 


78.6 


66.7 


87.5 


61.1 


62.6 


38.3 


77.0 


72.7 


82.1 


70.4 


70.4 


79.1 (2) 


1936 


78.6 


72.2 


88.9 


63.3 


66.5 


61.3 


80.4 


72.6 


78.5 


73.4 


73.4 


80.7 


Monthly 


























1936— Feb. 


81.1 


72.2 


89.2 


67.3 


64.5 


50.4 


78.4 


72.4 


79.5 


72.9 


71.3 


80.1 


Mar. 


81.1 


81.4 


89.2 


64.2 


64.8 


52.0 


78.4 


72.4 


79.5 


73.4 


70.8 


80.4 


Apr. 


79.2 


60.0 


89.2 


61.7 


64.8 


51.6 


78.4 


72.2 


78.2 


71.0 


70.3 


79.6 


May 


81.1 


50.6 


89.2 


60.0 


64.2 


60.5 


79.7 


73.1 


78.2 


71.3 


70.1 


80.0 


June 


79.9 


52.1 


89.2 


56.4 


63.8 


64.1 


79.7 


72.5 


78.2 


71.3 


71.2 


80.0 


July 


78.6 


58.1 


86.7 


58.6 


65.1 


74.8 


79.7 


72.4 


78.2 


72.6 


73.3 


80.4 


Aug. 


79.2 


64.3 


86.7 


62.6 


66.0 


84.9 


81.1 


72.7 


78.2 


74.7 


75.6 


81.0 


Sept. 


77.4 


71.6 


87.5 


66.2 


68.6 


73.0 


82.4 


72.4 


78.2 


75.1 


75.6 


81.1 


Oct. 


76.1 


75.9 


90.0 


65.3 


70.4 


60.7 


82.4 


72.7 


78.2 


74.4 


76.4 


81.1 


Nov. 


75.5 


93.8 


90.0 


63.5 


70.8 


56.7 


82.4 


72.5 


78.2 


75.0 


76.2 


81.4 


Dec. 


74.2 


97.4 


90.8 


65.8 


70.4 


58.3 


83.8 


72.5 


78.2 


75.3 


77.4 


81.7 


1937— Jan. 


76.7 


84.6 


90.0 


67.8 


70.4 


59.9 


83.8 


72.8 


79.5 


75.2 


79.4 


81.6 


Feb. 


81.1 


67.5 


90.0 


69.1 


71.1 


68.5 


83.8 


72.5 


79.5 


75.6 


79.7 


81.8 



(i) Based on average prices in 69 cities. 

(2) Revised in Prices and Price Indexes, January, 1937. 



RETAIL FOOD PRICES 



INDEX 



110 



100 



90 



80 



70 



60 



1926-100 



INDEX 





ANNUAL AVERAGE 




— 










— 


v* — T 


CfTAL INDEX 


— 


















1 


f 






I926'27 28 "29 '30 '31 '32 '33 '34 '35 '36 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 

1935 1936 1937 



16 



MARCH 1937 



Index 1926 = J 00 



X— EMPLOYMENT INDEXES 

Seasonally Adjusted 

Dominion Bureau of Statistics 





Manufact- 
uring 


Mining 


Building 


Logging 


Transpor- 
tation 


Wholesale 

and Retail 

Trade 


Hotels and 
Restaurants 


Total 
Index 


Average of MonthsO 


















1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


117.0 


120.6 


137.4 


128.2 


109.6 


126.6 


132.5 


119.2 


1933 


81.4 


98.3 


36.3 


74.4 


78.8 


112.3 


102.9 


84.2 


1935 


97.9 


124.2 


56.3 


127.0 


81.3 


122.5 


115.7 


99.8 


1936 


103.9 


137.8 


54.0 


143.6 


84.4 


127.5 


120.4 


104.0 


First of Montli 


















1936— Feb. 


102.4 


129.5 


65.6 


119.1 


82.8 


124.2 


117.4 


103.9 


Mar. 


101.3 


131.3 


65.2 


118.3 


84.4 


127.4 


119.1 


103.7 


Apr. 


102.3 


132.7 


64.1 


130.4 


83.4 


124.6 


118.4 


103.2 


May 


102.2 


131.9 


60.4 


123.4 


85.6 


125.2 


118.6 


102.4 


June 


100.6 


135.1 


51.1 


122.5 


84.7 


128.4 


116.7 


100.5 


July 


101.9 


136.0 


47.4 


131.4 


85.1 


127.4 


121.5 


100.9 


Aug. 


101.9 


138.6 


49.9 


129.0 


85.8 


127.8 


124.2 


101.1 


Sept. 


103.0 


139.1 


51.9 


126.3 


85.9 


127.2 


124.1 


102.7 


Oct. 


106.1 


143.9 


52.3 


163.6 


83.9 


129.1 


119.9 


105.0 


Nov. 


106.6 


145.4 


52.0 


166.6 


82.8 


130.2 


121.3 


106.6 


Dec. 


108.1 


144.7 


49.3 


183.3 


83.6 


129.0 


119.5 


107.8 


1937— Jan. 


110.9 


144.4 


46.6 


167.1 


84.4 


129.5 


123.3 


111.1 


Feb. 


109.3 


147.7 


41.4 


168.2 


85.4 


131.1 


115.2 


109.9 



(i) Average of twelve monthly figures, February 1 to January 1. 



INDEX 1926=100 

130 



120 



EMPLOYMENT INDEXES 

SEASONALLY ADJUSTED 



110 
100 

90 



1 1 

CALENDAR YEARS 








/ 


V- 


TOTAL 













INDEX 1926=100 

130 




1926 2.1 '28 '29 '30 "31 '32 '33 '34 '35 '36 J F MA M J J A S O N D J F MA M J J A S O N D J F MA M J 

1935 1936 1937 



RCH 1937 



17 



Millions of Bushels 



XI— INTERNATIONAL WHEAT SHIPMENTS 
WHEAT AND FLOUR SHIPMENTS TO ALL DESTINATIONS 

Compiled from BroomhalV s Corn Trade Year Book and Corn Trade News 





Canada 


















and 


Argentina 


Australia 


Russia 


Danube 


India 


Other 


Total 




U.S.A. 
















Average of Crop Years 


















1924/25—1928/29 


470.6 


151.1 


96.3 


12.9 


8.3 


10.9 


33.5 


783.6 


1929/30—1934/35 


280.0 


143.9 


121.3 


36.2 


34.7 


1.4 


21.7 


639.2 


1935/36 


230.1 


71.3 


106.3 


29.7 


23.7 


0.7 


26.8 


488.6 


Average of Weeks 


















1935/36 


4.4 


1.3 


2.1 


0.6 


0.5 


- 


0.5 


9.4 


Aug. 


2.4 


2.5 


1.2 


0.7 


0.2 


- 


0.6 


7.6 


Sept. 


3.3 


2.5 


1.8 


1.2 


0.5 


- 


0.3 


9.6 


Oct. 


4.4 


1.6 


2.3 


1.6 


0.9 


- 


0.4 


11.2 


Nov. 


5.1 


1.3 


1.8 


1.1 


0.7 


- 


0.4 


10.4 


Dec. 


3.7 


1.1 


1.5 


1.1 


0.5 


- 


0.5 


8.4 


Jan. 


4.5 


0.7 


2.8 


0.4 


0.3 


- 


0.7 


9.4 


Feb. 


5.3 


1.3 


3.9 


0.3 


0.2 


- 


0.8 


11.8 


1936/37 


















Aug. 


5.9 


0.8 


1.3 


- 


1.4 


0.1 


0.4 


9.9 


Sept. 


5.4 


1.0 


1.5 


- 


2.8 


0.3 


0.2 


11.2 


Oct. 


5.6 


1.3 


1.2 


- 


2.7 


0.4 


0.1 


11.3 


Nov. 


6.1 


1.2 


1.4 


- 


2.0 


0.6 


0.1 


11.4 


Dec. 


4.7 


2.3 


1.7 


- 


1.5 


0.3 


0.1 


10.6 


Jan. 


3.2 


6.2 


2.8 


- 


1.2 


0.2 


0.4 


14.0 


Feb. 


2.9 


7.9 


2.8 


- 


0.6 


0.1 


0.4 


14.7 



MILLIONS OF BUSHELS 



WHEAT AND FLOUR SHIPMENTS TO ALL DESTINATIONS 

AVERAGE OF WEEKS 




MILLIONS OF BUSHELS 




AUG SEPT OCT NOV DEC JAM FEB. MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC JAN. FEB MAR APR MAY JUNE JULY 

I2f rrrrr ■ 1 1 i 1 1 1 1 4 





AUG SEPT OCT NOV DEC. JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV. DEC JAN FEB. MAR. APR MAY JUNE JULY 



S^i 



+ 



TATISTICAL SUMMARY 



ANK OF CANADA 






APRIL 1937 



TABLE OF CONTENTS 



I Bank of Canada 

II Chartered Banks 

III Bank Debits . . . 

IV Security Prices: 

Canada, U. K. and U.S.A. Government Securities 

V Relief Expenditures 

VI International Purchases and Sales of Securities 

VII Industrial Activity 

VIII Railways: Revenue and Traffic 

IX External Trade : 

1. Volume of Imports 

2. Volume of Exports 

X Wholesale Commodity Price Indexes: 

1. Canada 

2. U.K. and U.S.A. . 
XI Cost of Living Indexes 

XII Wage Rate Indexes 



Tables 
Page 


Charts 
Page 


. 2-3 


1 


. 4-5 


2-5 


. 6 


6 


. 7 


7 


. 8 


- 


. 9 


9 


. 10 


10 


. 11 


11 


. 12 


12 


. 13 


13 


. 14 


15 


. 14 


15 


. 16 


16 


. 17 


17 



Subscription $3.00 a year, post free. For particulars apply to the Research Department, Bank of Canada, 
Ottawa. 



1IL 1937 



MILLIONS OF DOLLARS. 




BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 
MILLIONS OF DOLLARS 

400 



350 



300 



250 



200 



150 



100 



50 



BANK OF CANADA ASSETS 

y&^ OTHER ASSETS yJSSs'yy 








SECURITIES \Xa5 


x xx 








RESERVE 














i'i. ' / ■ 'ill 




*§§§< 



1935 



1936 



1937 





































APRIL 1937 




Millions of Dollars 




I-B 






LIABILITIES 






' 




Chartered Bank Cash 












- 






Govt. 
Deposits 


Other 

Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Tc 

As 

( 

Liab 






Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 




Average of 




















Wednesday Figures 




















1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


0.7 


48.9 


6.8 


29 




1936-12 Mths. 


40.5 


184.7 


225.2 


22.5 


1.0 


64.0 


9.3 


32 




1936— Mar. 


33.8 


185.9 


219.7 


23.2 


1.7 


51.7 


6.2 


30 




Apr. 


35.5 


185.5 


221.0 


22.0 


1.0 


54.9 


7.6 


30 




May 


36.7 


187.1 


223.8 


25.8 


0.9 


55.2 


7.4 


31 




June 


36.9 


186.9 


223.8 


25.5 


1.1 


57.5 


7.8 


31 




July 


39.1 


186.6 


225.7 


16.2 


0.6 


60.7 


7.3 


3! 




Aug. 


38.9 


184.6 


223.5 


23.6 


0.8 


64.0 


8.5 


32 




Sept. 


45.6 


172.6 


218.2 


16.1 


0.4 


75.0 


11.6 


32 




Oct. 


50.0 


177.5 


227.5 


16.2 


0.2 


80.7 


13.5 


32 




Nov. 


47.9 


199.1 


247.0 


20.8 


0.7 


80.9 


16.2 


3( 




Dec. 


46.2 


192.0 


238.2 


24.1 


2.1 


83.5 


14.1 


31 




1937— Jan. 


52.1 


190.3 


242.4 


22.1 


2.0 


77.9 


12.6 


3i 




Feb. 


44.0 


194.5 


238.5 


34.6 


1.0 


76.2 


12.4 


3( 




Mar. 


42.5 


195.8 


238.3 


29.7 


1.6 


80.2 


14.1 


31 




Wednesdays 




















Apr. 7 


44.9 (1) 


183.2 


228.1 


39.4 


1.5 


83. 5 ( " 


12.3 


31 




14 


45.5 (,) 


188.3 


233.8 


35.0 


1.3 


82.4 (1) 


12.0 


31 




21 


46.3 (l) 


197.5 


243.8 


24.7 


1.1 


83.7 (U 


12.8 


3i 




(1) Estimates. 








CHARTERED BANKS : CASH IN CANADA 








MILLIONS OF DOLLARS MONTHLY AVERAGE OF DAILY FIGURES 


MILLIONS OF DOLLARS 




P^Or 








250 




CJ\J 






















1 














\_ 






















V 












?"¥} 




















/\ 












230 




CJ\J 




















T j 


I 



































AM 


f 


















i 














\Jy^ 


















1 




1 






MONTHLY AVERAC 


;e — ►/ 


■ Jr^i 


















If/ 


v 




910 




















t 












210 




clU 


J 


















!\ 














IQfl 


- 


' 


r 




»*^ ., 


/ 

4 




/ 


w 


i 
1 

1 
1 

Lg 


'V 












190 




iyu 








•' 








. 


V # v 


























L\ 




V 






/ 




























M 


A\ 


L 


1 


/ 
f-+ — 














— 
















P 


r "V 




-TWELVE-MONTH MOVING AVERAGE 














.A 




J 


P 


i 




/ 


CENTERED ON TWELFTH MONTH 








170 




I7H 




Li limb 






1 l(J 


ivr 


V 






























i^H- 
































150 




1 JU 












1926 




1927 


1928 


1929 


1930 " 


1931 


1932 


1933 


1934 


1935 


1936 


1937 


1938 


1939 


1940 






1 



'RIL 1937 

NADA 



Millions of Dollars 









ASS 


ETS 


















Reserve 


Securities 


Advances 


All 

Other 

Accounts 




Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total 






















Average of 
Wednesday Figures 


1.4 


10.3 


166.3 


57.90 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9Mths. 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.3 


1.7 


4.1 


1936-12Mths. 


1.6 


9.5 


191.3 


64.56 


26.4 


82.3 


108.7 


_ 


2.5 


Mar.— 1936 


1.6 


11.1 


193.0 


64.57 


27.6 


82.0 


109.6 


- 


3.9 


Apr. 


1.7 


13.3 


194.8 


63.72 


29.9 


81.3 


111.2 


2.0 


5.1 


May 


1.7 


15.8 


197.4 


64.11 


28.5 


82.7 


111.2 


3.2 


3.9 


June 


1.8 


10.3 


191.9 


63.29 


30.0 


82.0 


112.0 


3.0 


3.6 


July 


1.8 


18.9 


200.1 


64.16 


31.3 


80.4 


111.7 


3.0 


5.6 


Aug. 


1.9 


5.3 


186.6 


60.25 


42.3 


86.3 


128.6 


3.0 


3.1 


Sept. 


1.9 


5.1 


186.4 


57.42 


51.8 


93.7 


145.5 


3.0 


3.2 


Oct. 


2.0 


12.3 


193.5 


55.38 


63.0 


100.7 


163.7 


1.0 


7.4 


Nov. 


2.0 


14.6 


195.9 


56.31 


62.2 


99.5 


161.7 


- 


4.4 


Dec. 


2.3 


11.7 


193.5 


56.18 


61.7 


98.0 


159.7 


- 


3.8 


Jan.— 1937 


2.3 


14.7 


196.5 


56.09 


58.7 


102.9 


161.6 


- 


4.6 


Feb. 


2.3 


18.6 


204.1 


58.35 


51.8 


101.8 


153.6 


— 


6.2 


Mar. 

Wednesdays 


2.4 


16.8 


208.8 


59.23 


50.8 


101.7 


152.5 


- 


3.5 


Apr. 7 


2.4 


14.5 


208.2 


59.07 


50.8 


102.1 


152.9 


- 


3.4 


14 


2.4 


16.8 


210.4 


59.52 


50.2 


101.4 


151.6 


— 


4.1 


21 



ACTIVE NOTE CIRCULATION 



MILLIONS OT DOLLARS 

245 



CHARTERED BANK AND ACTIVE DOMINION OR BANK OF CANADA NOTES 
MONTHLY AVERAGE OF DAILY FIGURES 



MILLIONS OF DOLLARS 






















APRIL 


1937 












II-CHA 


Millions of Dollars 












B. 




LIABILITIES 






Notes 


Deposits 


Cash 
in 
Canada 01 


Secu , 




Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits'" 


Foreign 


Total 
Deposits' 2 ' 


Dom. 
and Prov. 




1 « 


Average of 




















Month-end Figures 






















1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


1 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


1 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


f 

i 


1935 


126 


569 


1,445 


65 


2,108 


348 


2,476 


216 


861 


1 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


1,075 


i 


End of 






















Mar. 


124 


569 


1,532 


96 


2,234 


414 


2,644 


221 


1,071 




Apr. 


120 


622 


1,536 


71 


2,262 


392 


2,676 


222 


1,077 




May 


123 


578 


1,527 


88 


2,226 


391 


2,633 


219 


1,081 




June 


123 


622 


1,505 


80 


2,244 


389 


2,656 


224 


1,084 




July 


119 


619 


1,494 


62 


2,210 


376 


2,606 


222 


1,088 




Aug. 


124 


626 


1,503 


46 


2,209 


428 


2,657 


219 


1,084 




Sept. 


116 


648 


1,501 


114 


2,301 


406 


2,727 


221 


1,107 




Oct. 


118 


664 


1,510 


86 


2,291 


409 


2,723 


227 


1,097 




Nov. 


116 


680 


1,547 


42 


2,300 


415 


2,734 


259 


1,059 




Dec. 


109 


682 


1,548 


72 


2,323 


418 


2,773 


235 


1,116 




1937— Jan. 


109 


644 


1,549 


137 


2,283 


406 


2,788 


241 


1,109 




Feb. 


114 


656 


1,564 


150 


2,319 


421 


2,843 


233 


1,123 




Mar. 


113 


711 


1,584 


75 


2,393 


424 


2,853 


237 


1,135 




(l) Estimated month-end deposits payable in Can: 


idian currency; 


revised data for 1936-37. 


(2) Includes inter-bank Deposits 








(3) Until March 1935: Gold and Coin in Canada, 


Dominion Note 


3 and "Free" Central Gold Reserve Deposits; after that date: 


Bank of Canada Notes and Deposi 


(4) Figures given are annual averages of estimatec 


month-end Ca 


ladian deposits in 1926-35 and 


monthly average Canadian dep 


Dsits in 1936 and after. 




<5) Chartered Ban 


t note circulatio 


n and Bank of 


Canada notes in 


public circulat 


on. 













MILLIONS OF DOLLARS 



1500 



1200 



CHARTERED BANKS = INVESTMENTS 

MONTH-END FIGURES 



MILLIONS OF DOLLARS 

1500 




1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 



1938 1939 1940 



J RIL 1937 










^NKS 










ASSETS 


Loans 


Total 
Assets 


Canada 


Foreign 


Call 


Current 


Call 


Current 


140 


1,021 


250 


261 


2,864 


267 


1,455 


301 


248 


3,528 


117 


1,197 


84 


172 


2,869 


82 


963 


72 


146 


2,957 


93 


819 


64 


150 


3,145 


77 


864 


70 


140 


3,143 


83 


862 


66 


142 


3,154 


87 


828 


58 


145 


3,108 


91 


777 


64 


150 


3,135 


91 


768 


58 


147 


3,084 


91 


776 


59 


155 


3,141 


105 


807 


60 


156 


3,205 


109 


816 


66 


160 


3,202 


116 


800 


75 


156 


3,206 


114 


791 


75 


162 


3,242 


119 


796 


72 


162 


3,262 


119 


805 


68 


168 


3,329 


124 


814 


76 


172 


3,337 













Millions of Dollars 



DAILY AVERAGE DATA 




Cash 


Canadian 


Ratio of 
Cash to 


Total 
Active 




Canada'-" 


Deposits^ 


Deposits in 
Canada 


Note 
Circulation* 51 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


219 


2,186 


10.0 


171 


Mar. 


220 


2,214 


10.0 


175 


Apr. 


223 


2,228 


10.0 


175 


May 


224 


2,203 


10.2 


176 


June 


225 


2,188 


10.3 


178 


July 


221 


2,179 


10.2 


184 


Aug. 


219 


2,237 


9.8 


195 


Sept. 


227 


2,267 


10.0 


197 


Oct. 


247 


2,274 


10.9 


194 


Nov. 


238 


2,285 


10.4 


200 


Dec. 


240 


2,302 


10.4 


182 


Jan.— 1937 


238 


2,301 


10.3 


184 


Feb. 


238 


2,347 


10.1 


191 


Mar. 



CHARTERED BANKS ; CURRENT AND CALL LOANS IN CANADA 



MILLIONS OF DOLLARS 



MONTH-END FIGURES 



MILLIONS OF DOLLARS 




1926 1937 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 (939 1940 



APRIL 1937 



Millions of Dollars 



III— BANK DEBITS W 

Debits of 32 Clearing House Centres 

Dominion Bureau of Statistics 







Quebec 


Ontario 


Prairie 
Provinces 




Canada 




Maritime 
Provinces 


Montreal 


Other 


Toronto 


Ottawa 


Other 


Winnipeg 


Other 


British 
Columbia 


Montreal 
Ottawa 
Toronto 

Winnipeg 


Other 


Total 


Aver, of Months 

1926 


50 


761 


65 


684 


156 


160 


323 


168 


163 


1924 


606 


2530 


1929 


66 


1296 


77 


1143 


167 


236 


399 


261 


244 


3005 


884 


3889 


1932 


43 


595 


53 


672 


132 


134 


262 


138 


125 


1661 


493 


2154 


1935 


48 


692 


56 


887 


120 


149 


386 


151 


140 


2085 


544 


2629 


1936 


52 


846 


66 


1014 


123 


178 


388 


154 


173 


2371 


623 


2994 


Monthly Total 

1936— Mar. 


46 


770 


53 


910 


88 


154 


280 


133 


165 


2048 


551 


2599 


Apr. 


48 


879 


48 


843 


124 


167 


363 


134 


168 


2209 


565 


2774 


May 


51 


834 


58 


994 


129 


182 


417 


150 


164 


2374 


605 


2979 


June 


62 


848 


72 


1080 


155 


189 


424 


138 


168 


2507 


629 


3136 


July 


54 


798 


59 


912 


125 


186 


420 


154 


186 


2255 


639 


2894 


Aug. 


48 


733 


56 


830 


100 


164 


376 


146 


166 


2039 


580 


2619 


Sept. 


52 


803 


56 


1092 


115 


184 


463 


193 


176 


2473 


661 


3134 


Oct. 


56 


921 


110 


1023 


133 


185 


525 


200 


175 


2602 


726 


3328 


Nov. 


63 


987 


101 


1155 


168 


181 


306 


167 


175 


2616 


687 


3303 


Dec. 


57 


989 


70 


1300 


134 


207 


286 


166 


196 


2709 


696 


3405 


1937— Jan. 


66 


980 


52 


1272 


116 


189 


224 


151 


178 


2592 


636 


3228 


Feb. 


45 


826 


56 


1060 


83 


170 


184 


130 


178 


2153 


579 


2732 


Mar. 


78 


1063 


81 


1130 


96 


185 


226 


144 


187 


2515 


675 


3190 



(l) The establishment of the Bank of Canada has appreciably affected the comparability of later data with the figures of previous years. 



BILLIONS OF DOLLARS 



BANK DEBITS 

TOTAL OF" 32 CLEARING HOUSES 



BILLIONS OF DOLLARS 




1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 



'RIL 1937 



IV— SECURITY PRICES 

Bank of Canada 





Government Bonds'" 

Middle Prices and Yields 


Treasury Bill Tenders' 4 ' 




Canada 


U. 


K.<» 


U.S.A."' 


Canada 


U.K. 


U.S.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 


3 Months 


3 Months 


9 Months 


Average of Working 
days 




















1936 


105.67 


3.18 


106.48 


3.06 


103.45 


2.67 


.843 


.595 


.131 


1936— Mar. 


104.23 


3.31 


106.10 


3.10 


102.71 


2.73 


.999 


.538 


.104 


Apr. 


104.51 


3.29 


106.72 


3.05 


103.11 


2.70 


.879 


.528 


.100 


May 


104.80 


3.26 


106.54 


3.06 


103.33 


2.68 


.896 


.525 


.181 


June 


105.60 


3.19 


105.90 


3.10 


103.18 


2.69 


.838 


.904 


.242 


July 


106.75 


3.09 


106.19 


3.08 


103.34 


2.68 


.757 


.581 


.071 


Aug. 


107.99 


2.97 


106.53 


3.06 


103.88 


2.64 


.689 


.526 


.194 


Sept. 


107.65 


3.00 


107.01 


3.03 


104.12 


2.62 


.643 


.520 


.146 


Oct. 


105.95 


3.15 


107.21 


3.01 


103.87 


2.64 


.702 


.539 


.141 


Nov. 


106.40 


3.11 


106.96 


3.02 


105.00 


2.56 


.749 


.526 


.101 


Dec. 


107.01 


3.05 


105.68 


3.11 


105.17 


2.55 


.747 


.906 


.117 


1937— Jan. 


106.43 


3.09 


104.87 


3.16 


105.57 


2.51 


.747 


.526 


.345 


Feb. 


104.33 


3.28 


102.38 


3.33 


105.65 


2.50 


.776 


.520 


.373 


Mar. 


102.01 


3.47 


101.21 


3.41 


104.14 


2.62 


.805 


.521 


.525 


Apr. 1-15 


101.68 


3.50 


101.62 


3.38 


101.02 


2.85 


.771 


.527 


.667 



(U Average of two long term issues noted on chart below for each country. 

(2) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

U> Exempt from Federal Income and certain State taxes. 

W) Average successful tender rate of issue on (or nearest date to) 15 th of each month. 



COMPARISON OF LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 1936.-37 




JUNF JULY 



SEPT OCT 



APRIL 1937 



V— PUBLIC FINANCE 
APPROXIMATE EXPENDITURES ON RELIEF a » 

In Millions of Dollars 

Compiled from Public Accounts and Budget Speeches of the Dominion and Provinces, from Annual Reports of certain cities, 
and from various other official sources. In many cases complete information was not available and estimate: have been made. Fiscal 
periods have been adjusted, where necessary, to years ending March 31. Totals have been rounded to the nearest appropriate figure. 

1. EXPENDITURES MADE THROUGH MUNICIPAL AND PROVINCIAL AGENCIES 



Dominion Share 

Dominion Loans to Provinces(b) .... 

Provincial Share 

Provincial Loans to Municipalities(c) 

Municipal Share 

Total (to nearest mm.) 

Dominion Share 

Dominion Loans to Provinces(b) . . . . 

Provincial Share 

Provincial Loans to Municipalities(c) 

Municipal Share 

Total (to nearest mm.) 

Dominion Share 

Provincial Share 

Municipal Share 

Total (to nearest mm.) 

Dominion Share 

Provincial Share 

Municipal Share 

Total (to nearest half mm. or mm.) 

Dominion Share 

Dominion Loans to Provinces(b) . . . . 

Provincial Share 

Municipal Share 

Total (to nearest 100m. or mm.) . . 



DURING YEARS ENDING MARCH 31: 



1931 



1934 



1935 



193() 



BRITISH COLUMBIA 



.3 

1.0 

.6 
2.0 



3.4 


4.1 


3.4 


3.2 


1.4 


2.4 


1.9 


4.0 


3.5 


3.6 


3.6 


5.5 


.6 


-.2 


.1 


.3 


1.1 


1.3 


1.3 


1.4 


8.0 


9.0 


8.0 


10.0 



2.3 
6.6 
7.6 
.7 
1.5 
11.0 



SASKATCHEWAN 



.5 

1.7 

3.9 
6.0 



7.9 


7.2 


2.7 


8.1 


7.0 


7.6 


5.5 


10.1 


9.9 


5.9 


7.2 


9.2 


.4 


.7 


2.1 


3.1 


1.6 


1.1 


2.7 


4.0 


19.0 


14.0 


13.0 


21.0 



7.2 
14.2 
6.2 
5.5 
5.9 
19.0 



ONTARIO 



1.2 
2.1 
2.0 
5.0 



9.4 


9.5 


12.0 


15.6 


8.7 


13.7 


22.9 


38.1 


4.0 


6.0 


7.0 


7.5 


22.0 


29.0 


42.0 


61.0 



15.5 

29.3 

7.5 

52.0 





NEW BRUNSWICK 


.3 


.7 


.4 


.6 


.4 


.1 


.5 


.6 


.6 


.4 


.1 


.1 


.2 


.2 


.2 


.5 


1.5 


1.0 


1.5 


1.0 



1.1 

.6 

.2 

2.0 



PRINCE EDWARD ISLAND 





.2 


.1 




.2 


1 


.1 


.1 


.1 


.3 


1 


.3 


.2 


.1 


.5 



.5 
.8 



DURING YEARS ENDING MARCH 31: 



1931 



.2 

1.3 

.6 

2.0 



.3 

.6 

.4 
1.0 



3.2 

8.3 

9.2 

21.0 



1932 



1933 



1934 



1935 



ALBERTA 



MANITOBA 



ALL PROVINCES 



1936 



2.6 


2.6 


1.5 


1.7 


1.0 


1.9 


2.1 


3.9 


2.6 


2.1 


2.3 


3.3 


- 


.9 


.6 


.7 


1.3 


.9 


1.0 


1.0 


7.0 


6.0 


5.0 


6.0 



1.8 
7.7 
4.3 
.5 
1.3 
7.0 



3.3 


2.8 


2.5 


2.2 


1.6 


3.2 


.8 


4.1 


2.8 


2.7 


2.4 


2.5 


.5 


.7 


.2 


2.0 


2.1 


2.2 


1.8 


2.5 


8.0 


8.0 


7.0 


7.0 



3.3 
4.7 
3.3 
1.2 
3.0 
10.0 



.3 


5.1 


5.9 


4.7 


11.4 


.8 


6.0 


6.5 


7.9 


9.8 


1.5 


4.0 


6.5 


7.0 


7.5 


3.0 


15.0 


19.0 


20.0 


29.0 



8.1 

9.1 

7.5 

25.0 





NOVA SCOTIA 




.1 


.9 


1.4 


1.1 


.8 


.6 


1.5 


1.6 


1.2 


1.0 


.1 


.1 


.1 


.2 


.2 


1.0 


3.0 


3.0 


3.0 


2.0 



1.3 

1.1 

.2 

3.0 



33.5 


34.0 


28.5 


43.6 


11.0 


15.1 


10.3 


22.1 


35.6 


36.8 


48.2 


70.1 


14.3 


18.3 


21.2 


24.3 


83.0 


89.0 


98.0 


138.0 



40.9 
33.2 
62.0 
27.1 
130.0 



2. EXPENDITURES BY DOMINION GOVERNMENT THROUGH ITS OWN AGENCIES 



Exp. and Non-Active Loans re Railway Relief Projects 

Public Works 

Relief Camps (d) 

Miscellaneous Relief, Administration, etc. (Net). . . 
Total (to nearest 100m.) 



DURING YEARS ENDING 


MARCH 


1931 


1932 


1933 


1934 


1935 


.7 


1.0 


2.8 


1.0 


- 


.5 


2.7 


.2 


- 


8.8 


- 


- 


.4 


6.2 


7.6 


- 


1.1 


.7 


.8 


.3 


1.2 


4.8 


4.1 


8.0 


16.7 



29.6 

8.4 

.2 

38.2 



3. SUMMARY OF EXPENDITURES IN TABLES 1 AND 2 



Public Works (incl.Dom.outlaysreRail.ReliefProjectsasabove) 

Agricultural Relief and Aid (e) 

Direct and Miscellaneous Relief, Administration, etc. 

Total (to nearest five mm.) 



15 
3 

4 



20 



57 

7 

25 



90 



38 

6 

49 



95 



21 
5 

80 



105 



43 

10 

103 



155 



57 

11 
100 



170 



(a) Expenditure by governments for relief of distress, excluding expenditure on social services such as old age pensions, 
mothers' allowances, hospitals, public health, etc. 

(b) Loans under Relief Acts, excluding loans made specifically to meet maturities and interest falling due in Canada and New York. 
This item is shown as a memorandum only and does not affect the total expenditures made in the province. 

(c) This item is shown as a memorandum only and does not affect the total expenditures made in the province. 

(d) This item is included under the third heading in Table 3 below. 

(e) These expenditures were made in the Prairie Provinces and include net loans to farmers for seed, fodder, repairs, etc. 
Wheat Bonus payments by the Dominion and its losses in connection witli grain marketing are not included. 



RIL 1937 



VI— INTERNATIONAL PURCHASES AND SALES OF SECURITIES 

Millions of Dollars Dominion Bureau of Statistics 





Total 


Total 


Net Sales 


United States 


United Kingdom 


Other Countries 




Sales 


Purchases 


Net 
Purchases 


Sales 
to 


Purchases 
From 


Sales 
To 


Purchases 
From 


Sales 
To 


Purchases 
From 


Annual Total 

1933 


288.8 


237.7 


51.1 


205.7 


202.9 


80.8 


27.6 


2.3 


7.2 


1934 


321.2 


312.3 


8.9 


216.0 


284.2 


102.1 


23.8 


3.1 


4.3 


1935 


301.8 


250.7 


51.1 


268.2 


200.7 


31.0 


44.1 


2.6 


5.9 


1936 


422.5 


414.7 


7.8 


338.1 


346.6 


71.8 


59.7 


12.6 


8.4 


Monthly Total 

1936— Feb. 


42.5 


32.0 


10.5 


36.2 


28.3 


6.0 


3.5 


.3 


.2 


Mar. 


29.2 


24.9 


4.3 


24.4 


20.0 


4.1 


4.6 


.7 


.3 


Apr. 


20.2 


19.7 


0.5 


16.8 


15.4 


2.7 


3.3 


.7 


1.0 


May 


17.0 


21.7 


4.7 


12.1 


15.3 


4.4 


5.7 


.5 


.7 


June 


20.4 


22.5 


2.1 


17.3 


19.2 


2.5 


2.5 


.6 


.8 


July 


21.7 


29.2 


7.5 


18.8 


25.4 


1.9 


3.5 


1.0 


.3 


Aug. 


23.9 


32.6 


8.7 


21.5 


29.6 


1.6 


2.6 


.8 


.4 


Sept. 


30.5 


34.2 


3.7 


24.1 


27.3 


5.3 


6.2 


1.1 


.7 


Oct. 


38.9 


50.4 


11.5 


25.8 


42.8 


10.9 


6.2 


2.2 


1.4 


Nov. 


69.6 


56.2 


13.4 


56.8 


47.6 


10.2 


7.5 


2.6 


1.1 


Dec. 


52.1 


58.7 


6.6 


38.8 


46.7 


11.1 


11.0 


2.2 


1.0 


1937— Jan. 


59.1 


65.1 


6.0 


42.9 


54.7 


13.0 


8.8 


3.2 


1.6 


Feb. 


69.2 


56.2 


13.0 


49.3 


45.7 


16.5 


9.3 


3.4 


1.2 



INTERNATIONAL NET PURCHASES AND NET SALES OF SECURITIES 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 




JFMAMJJASONDJFMAMJJASONDJFMAMJ JASONDJFMAMJJASONDJFMAMJ JASOMD 
1933 1934 1935 1936 1937 



10 



APRIL 1937 



VII- INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume 

of 

Business 

Index 

1926=100 


PRODUCTION 


Con- 
struction 
Contracts 
Awarded 


Car- 
loadings 






Gold 


Copper 


Steel 


Auto- 
mobiles 

and 
Trucks 


News- 
print 


Electric 
Power 


Employ- 
ment 
Index 




Thousands 
FineOunces 


Thousands 
Short Tons 


Thousands 
Long Tons 


Thousands 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs. 


Millions 
of Dollars 


Thousands 


1926=100 


Average of Months 

1926 
1929 
1932 
1935 
1936 


100.0 
125.5 

78.7 
102.4 
112.2 


146.2 
160.7 
253.7 
273.7 
310.8 


5.5 
10.3 
10.3 
17.5 
17.5 


64.7 
114.8 
28.3 
78.0 
92.9 


17.1 
21.9 
5.1 
14.1 
13.5 


157.4 
227.1 
159.9 
229.4 
265.0 


1008 
1497 
1338 
1950 
2124 


31.1 

48.1 
11.1 
13.4 
13.5 


271.1 
293.7 
181.3 
196.5 
207.9 


100.0 

119.2 

84.2 

99.8 

104.0 


Monthly 






















1936— Jan. 
Feb. 
Mar. 


106.2 
104.8 
104.0 


277.6 
266.4 
299.1 


17.1 
16.5 
18.2 


100.2 

93.4 

101.1 


13.3 
13.3 
18.0 


228.0 
221.6 
243.9 


2091 
1939 
2136 


13.6 

8.2 

10.3 


172.9 
180.2 
192.1 


106.1 
103.9 
103.7 


1937— Jan. 
Feb. 
Mar. 


116.9 
115.0 


328.5 
310.1 


18.6 
19.2 


115.2 
111.8 
125.1 


19.6 
19.7 
24.9 


287.7 
275.5 


2319 
2148 
2412 


6.6 

8.7 

16.1 


192.5 
186.2 
214.4 


111.1 
109.9 
107.8 



AUTOMOBILE AND STEEL PRODUCTION 















STEEL ^ 

















M 


M 












III! 




Ill 









1250; 



750 2 
8 

z 



1926 '27 



35 '36 J 



M A M J J fi 
1935 



SON D J F 



M A M J J A S 
1936 



O N D J F M 
1937 



250 



RIL 1937 



11 



VIII— RAILWAYS W 
REVENUE AND TRAFFIC 

Dominion Bureau of Statistics 





CANADIAN 


NATIONAL 


CANADIAN PACIFIC 


ALL STEAM 


RAILWAYS 




Gross 


Net 


Freight 


Passengers 


Gross 


Net 


Freight 


Passengers 


Gross 


Net 


Freight 


Passengers 




Operating 


Operating 


Carried 


Carried 


Operating 


Operating 


Carried 


Carried 


Operating 


Operating 


Carried 


Carried 




Revenue 


Revenue 


1 Mile 


1 Mile 


Revenue 


Revenue 


1 Mile 


1 Mile 


Revenue 


Revenue 


1 Mile 


1 Mile 




Dollars 


Dollars 


Tons 


Passengers 


Dollars 


Dollars 


Tons 


Passengers 


Dollars 


Dollars 


Tons 


Passengers 




Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


192G 


230.3 


36.3 


16629 


1330 


207.9 


49.9 


14188 


1314 


493.6 


104.1 


34153 


2999 


1927 


233.7 


31.0 


16852 


1376 


212.3 


44.8 


14870 


1328 


499.1 


91.4 


34902 


3052 


1928 


260.4 


42.6 


19818 


1415 


241.2 


58.5 


18423 


1377 


563.7 


121.0 


41611 


3141 


1929 


248.2 


31.0 


16640 


1308 


222.9 


49.8 


14951 


1257 


534.1 


101.0 


35026 


2897 


1930 


213.4 


16.9 


14370 


1115 


189.6 


42.9 


12370 


1026 


454.2 


73.5 


29604 


2423 


1931 


171.7 


— 


12636 


788 


147.9 


29.6 


10806 


743 


358.5 


37.5 


25707 


1748 


1932 


139.9 


5.6 


11321 


632 


123.5 


23.8 


10067 


645 


293.4 


36.7 


23137 


1436 


1933 


126.7 


4.1 


9976 


612 


114.0 


23.3 


9353 


614 


267.8 


36.6 


21056 


1377 


1934 


140.8 


10.5 


11175 


664 


125.6 


28.5 


10026 


685 


297.8 


48.2 


23281 


1512 


1935 


144.6 


9.4 


11449 


716 


129.0 


25.8 


10522 


696 


307.1 


45.3 


24190 


1566 


193G 


154.2 


9.1 


12381 


766 


138.5 


27.5 


11424 


759 


331.5 


49.9 


26367 


1707 



(1) Canadian Lines only. 



RAILWAY TRAFFIC 



INDEX 1926=- 100 




1920 "2 1 '22 '23 '24 '25 '26 '27 '23 '29 '30 '31 '32 '33 '34 '35 '36 



1921 '22 '23 '24 '25 "26 "27 '28 "29 '30 "31 '32 '33 '34 '35 



12 



APRIL 1937 



IX— EXTERNAL TRADE: VOLUME OF IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Sugar 


Tea 


Coffee 


Raw 
Cotton 


Raw 

Wool 


Petroleum 
Oils 


Crude 
Rubber 


Coal 


Tin 
Plate 


Structural 
Iron 
and 
Steel 


Index 

Volume 

of 

Total 
Imports 

1926 = 100 




Pounds 
Millions 


Pounds 
Millions 


Pounds 
Millions 


Pounds 

Millions 


Pounds 
Millions 


Gallons 
Millions 


Pounds 
Millions 


Short tons 

Millions 


Short tons 
Thousands 

75 


Short tons 
Thousands 

203 


1926 


1161 


38 


25 


135 


15 


766 


45 


17 


100 


1929 


951 


39 


29 


136 


12 


1359 


80 


18 


82 


381 


137 


1930 


945 


51 


32 


100 


10 


1303 


65 


19 


99 


193 


119 


1931 


952 


33 


33 


95 


11 


1245 


57 


13 


43 


120 


86 


1932 


868 


40 


31 


97 


9 


1115 


47 


12 


40 


31 


64 


1933 


790 


39 


34 


120 


14 


1119 


43 


11 


81 


19 


55 


1934 


860 


39 


35 


144 


15 


1206 


64 


13 


85 


32 


67 


1935 


901 


35 


35 


121 


15 


1293 


60 


12 


81 


43 


70 


1936 


1041 


40 


41 


150 


23 


1378 


62 


13 


94 


53 


79 


12 Months Ending 

Feb- 1937 


1025 


40 


40 


145 


23 


1390 


61 


13 


101 


55 


80 


Monthly Totals 

1936— Jan. 


29.1 


2.6 


3.1 


19.9 


1.6 


68.0 


3.9 


0.9 


1.7 


1.9 


62 


Feb. 


39.6 


3.1 


3.8 


11.7 


2.4 


44.3 


4.3 


1.0 


1.3 


3.5 


64 


Mar. 


47.7 


4.4 


3.6 


13.5 


3.5 


78.6 


4.1 


1.1 


3.8 


3.1 


81 


Apr. 


48.4 


2.7 


2.8 


7.1 


1.4 


61.0 


2.4 


0.7 


10.0 


4.0 


64 


May 


130.5 


7.0 


5.4 


9.8 


2.8 


115.7 


4.9 


1.2 


14.8 


3.6 


90 


June 


112.3 


1.9 


3.5 


7.4 


2.9 


166.3 


4.6 


1.1 


10.6 


6.1 


88 


July 


129.4 


2.3 


3.4 


5.8 


2.2 


135.0 


5.1 


1.1 


12.2 


6.4 


81 


Aug. 


85.4 


2.1 


2.2 


7.0 


.7 


155.3 


8.5 


1.0 


8.6 


4.8 


74 


Sept. 


109.0 


2.9 


3.0 


9.2 


1.1 


151.8 


5.4 


1.1 


6.1 


5.7 


78 


Oct. 


119.8 


3.9 


2.6 


16.5 


1.2 


172.5 


6.9 


1.4 


7.6 


6.1 


96 


Nov. 


122.4 


3.4 


4.7 


21.1 


1.5 


159.0 


9.6 


1.2 


12.8 


4.8 


97 


Dec. 


67.3 


3.5 


2.5 


20.8 


1.5 


70.1 


2.7 


1.3 


4.7 


3.4 


75 


1937— Jan. 


25.8 


3.4 


3.3 


15.1 


1.7 


67.0 


3.7 


1.0 


5.5 


4.2 


72 


Feb. 


26.7 


2.6 


3.2 


12.1 


2.7 


57.6 


2.8 


0.9 


4.5 


2.8 


67 



1425 



MERCHANDISE IMPORTS 

CALENDAR YEARS 





29 '30 '31 "32 '33 '34 '35 '36 1926 "27 '28 '29 '30 "31 "32 '33 '34 "35 '36 





1926 "27 



'28 



'29 '30 "31 "32 '33 "34 '35 '36 1926 '27 '28 '29 '30 '31 '32 '33 '34 '35 '36 



tIL 1937 



13 



IX— EXTERNAL TRADE: VOLUME OF EXPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Wheat 

and 

Flour 


Fish 


Bacon 

and 

Hams 


Cheese 


Newsprint 

and 

Wood 

Pulp 


Lumber 


Nickel 


Copper 


Auto- 
mobiles 

and 
Trucks 


Non- 
Monetary 
Gold 


Index 

Volume 

of 

Total 
Exports 




Bushels 
Millions 


Pounds 
Millions 


Pounds 

Millions 


Pounds 
Millions 


Short tons 
Thousands 


Board Feet 
Millions 


Short tons 
Thous'ds 


Short tons 
Thous'ds 


Thousands 


Fine ounce 
Thousands 


1926 = 100 


1926 


297 


435 


93 


135 


2738 


2132 


32 


59 


74 


677 


100 


1929 


254 


417 


29 


93 


3346 


1755 


55 


124 


102 


1742 


101 


1930 


242 


367 


15 


80 


3093 


1489 


46 


118 


45 


1064 


90 


1931 


220 


357 


13 


85 


2631 


938 


32 


98 


14 


2080 


82 


1932 


251 


258 


36 


87 


2229 


674 


16 


133 


13 


2602 


79 


1933 


217 


303 


73 


74 


2447 


1018 


44 


124 


20 


2771 


79 


1934 


191 


288 


120 


61 


3020 


1368 


59 


156 


43 


3143 


98 


1935 


188 


323 


125 


56 


3237 


1337 


71 


199 


64 


3343 


106 


1936 


265 


321 


158 


82 


3748 


1750 


87 


206 


56 


3771 


125 


12 Months Endinp 

Feb. 1937 


258 


340 


169 


82 


3890 


1860 


87 


207 


54 


3729 


123 


Monthly Totals 

1936— Jan. 


9.0 


30.4 


12.2 


1.0 


239.4 


72.2 


7.1 


9.8 


6.6 


306 


95 


Feb. 


15.8 


24.8 


11.3 


0.7 


235.0 


95.4 


8.5 


16.7 


4.6 


336 


106 


Mar. 


15.3 


26.5 


13.4 


2.1 


332.0 


142.1 


9.3 


18.0 


7.6 


239 


122 


Apr. 


7.8 


10.0 


9.5 


0.5 


237.1 


108.0 


5.5 


14.9 


3.7 


338 


87 


May 


29.3 


12.2 


14.8 


3.6 


324.8 


136.9 


6.5 


21.4 


5.2 


247 


135 


June 


27.7 


17.3 


12.2 


5.3 


342.7 


169.6 


7.1 


12.6 


4.4 


330 


135 


July 


27.9 


19.2 


13.4 


11.5 


304.2 


153.9 


6.9 


18.1 


4.5 


263 


129 


Aug. 


22.9 


30.6 


11.9 


10.1 


327.9 


168.4 


5.9 


20.0 


3.4 


318 


123 


Sept. 


22.4 


34.5 


11.4 


9.9 


349.6 


160.6 


8.0 


16.9 


3.5 


295 


125 


Oct. 


29.0 


33.1 


14.1 


15.8 


348.1 


185.3 


6.6 


21.8 


2.9 


382 


146 


Nov. 


35.2 


46.0 


15.9 


15.1 


361.1 


173.5 


7.5 


18.9 


5.1 


388 


157 


Dec. 


22.6 


36.1 


18.0 


6.2 


345.8 


184.1 


8.0 


17.2 


3.9 


329 


131 


1937— Jan. 


11.2 


41.9 


17.1 


6.3 


336.5 


156.9 


7.5 


13.9 


5.3 


291 


105 


Feb. 


6.9 


32.7 


16.9 


7.0 


280.0 


120.9 


8.0 


13.3 


4.4 


309 


88 



40 



MERCHANDISE EXPORTS 

CALENDAR YEARS 





COPPER 


L 








y^ 


"7i 


^•P 



1926 '27 



^360 

UJ 

I 
</> 

D 

S300 

10 

Z 

5 

1 240 
iftn 




WHEAT AND FLO 


JR 














■ , 


Pj 


x_y 



275 



200 



125 



"29 '30 '31 '32 '33 '34 '35 '36 1926 '27 '28 '29 '30 '31 '32 '33 "34 "35 '36 



SO 



2200 



1926 '27 '28 



'29 



'30 



'32 



'35 36 




1926 



14 



APRIL 1937 



Index 1926 = 100 



X— WHOLESALE COMMODITY PRICES 

CANADA 

Dominion Bureau of Statistics 













Wholesale 


































Cost of 




Vegetable 


Animal 


Farm 


1 'IS 

Beverages 




Wood 


Iron and 


Non- 




Total 


Living 




Products 


Products 


Products 


and 


Textiles 


and 


Its 


Ferrous 




All 












Tobacco 




Paper 


Products 


Metals 




Articles 




Av. of Months 
























192G 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


91.6 


109.0 


100. s 


100.0 


91.3 


93.9 


93.7 


99.2 


93.0 


95.6 


99.9 


1932 


54.8 


59.7 


48.4 


61.5 


69.7 


69.1 


86.3 


59.0 


69.8 


66.7 


81.3° 


1935 


67.3 


70.3 


63.4 


70.3 


70.3 


64.6 


87.2 


09.1 


73.3 


72.1 


79. l w 


1936 


72.6 


71.7 


70.1 


73.4 


69.7 


68.5 


88.0 


70.1 


73.7 


74.6 


80.6 m 


Monthly 
























1936— Mar. 


66.7 


70.5 


65.5 


70.8 


69.6 


67.8 


87.3 


09.3 


72.1 


72.4 


80.4 


Apr. 


66.5 


69.8 


65.0 


70.3 


69.5 


67.9 


87.4 


69.2 


72.2 


72.2 


79.6 W 


May 


65.7 


69.0 


64.8 


70.1 


69.1 


68.2 


87.8 


68.3 


71.7 


71.8 


80.0 


June 


66.9 


69.7 


64.5 


71.2 


69.2 


68.1 


87.7 


67.7 


71.9 


72.3 


80.0 m 


July 


73.1 


70.5 


66.3 


73.3 


69.6 


68.4 


87.8 


68.1 


73.3 


74.4 


80.4 


Aug. 


77.6 


72.3 


73.3 


75.6 


70.0 


68.6 


87.9 


69.1 


74.8 


76.2 


81.0 


Sept. 


77.4 


73.4 


74.4 


75.6 


69.7 


68.8 


88.2 


70.2 


75.1 


76.4 


81.1 {l) 


Oct. 


79.6 


73.3 


76.3 


76.4 


69.6 


69.4 


88.2 


70.4 


75.4 


77.1 


81. f° 


Nov. 


79.2 


73.5 


77.1 


76.2 


69.6 


69.4 


88.3 


74.0 


75.5 


77.2 


81.4 W 


Dec. 


84.3 


73.9 


82.4 


77.4 


71.0 


69.6 


91.4 


77.8 


77.3 


79.7 


81.7 W 


1937— Jan. 


87.6 


75.4 


86.0 


79.4 


71.8 


72.2 


92.1 


82.4 


78.4 


81.3 


81.6 


Feb. 


88.5 


75.2 


87.0 


79.7 


72.9 


73.9 


94.6 


86.2 


78.8 


82.9 


81.7 


Mar. 


90.6 


74.9 


90.0 


79.4 


73.5 


77.3 


101.6 


97.4 


79.7 


85.5 


82.0 



(I) Revised. 



U. K. 

1926 = 100 



U. S. A. 

1926 = 100 







Wholesale 




Cost of 




Board of Trade (/) 


Living 

Ministry of 






Total 






Total 


Industrial 


Total 


Labour 




Food & 


Materials 


All 


(2) 




Tobacco 


and Manu- 
factures 


Articles 


Av. of Months 










1926 


100.0 


100.0 


100.0 


100 


1929 


93.9 


91.3 


92.1 


95 


1932 


71.8 


67.7 


69.1 


84 


1935 


70.9 


72.1 


71.8 


83 


1936 


75.1 


76.6 


76.2 


85 


Monthly 










1936— Mar. 


71.4 


75.2 


74.0 


85 


Apr. 


71.4 


75.4 


74.2 


84 


May 


72.1 


75.0 


74.2 


84 


June 


73.0 


75.4 


74.7 


84 


July 


73.5 


76.4 


75.5 


85 


Aug. 


76.6 


76.8 


76.8 


85 


Sept. 


77.7 


77.3 


77.6 


85 


Oct. 


80.2 


77.8 


78.8 


86 


Nov. 


79.1 


79.3 


79.3 


88 


Dec. 


81.2 


81.3 


81.3 


88 


1937— Jan. 


81.3 


83.7 


83.0 


88 


Feb. 


80.7 


85.3 


83.8 


88 


Mar. 


82.4 


88.6 


86.6 


88 



Wholesale 

Dept. of Labour (J) 


Cost of 
Living 










Total 
Foods 


Farm 
Products 


Other than 

Farm 

Products 

and Foods 


Total 

All 

Articles 


N.I.C.B. 


100.0 


100.0 


100.0 


100.0 


100.0 


99.9 


104.9 


91.6 


95.3 


96.3 


61.0 


48.2 


70.2 


64.8 


74.9 


83.7 


78.8 


77.9 


80.0 


80.1 


80.1 


76.5 


78.9 


79.6 


80.2 


80.2 


76.9 


78.9 


79.7 


80.3 


78.0 


75.2 


78.8 


78.6 


80.7 


79.9 


78.1 


78.8 


79.2 


82.0 


81.4 


81.3 


79.5 


80.5 


82.1 


83.1 


83.8 


79.7 


81.6 


82.5 


83.3 


84.0 


79.6 


81.6 


82.8 


82.6 


84.0 


80.1 


81.5 


82.6 


83.9 


85.1 


81.0 


82.4 


82.7 


85.5 


88.5 


82.2 


84.2 


82.9 


87.1 


91.3 


83.4 


85.9 


83.7 


87.0 


91.4 


84.1 


86.3 


84.0 



(0 Base 1930 adjusted to 1926 = 100. (2) Base July 1914 adjusted to 1926 
M National Industrial Conference Board Index, base 1923 adjusted to 1926 «• 



= 100. 
100. 



(!) Base 1926 = 100. 



UL 1937 



15 



CANADA : WHOLESALE PRICE INDEXES 

1926-100 





ANNUAL AVERAGE 


inn 


^° o «4 




IUU 








^^ 9* 






%^^f It 






% J^ 








• •* 






90 








80 


















M \ MANUFACTURES—. 


70 


— 


t* NON- 
u l Ml 

Of 
0% 


1_ 

-FERROUS ^ ^ 
ITALS_*/ / 


60 




\ 


# O 




% 


f £ 




FARM PRODU 


:ts-^ q 


O 








$ 





50 








I, 


U 

< 


f" 








■? _NC 



3 o< 



,o 



O, 



<bpo 



O 



^0 dC]Dq Qqq (? 



FARM PRODUCTS 



^ 



1926 '27 *28 "29 '30 '31 '32 "33 "34 "35 "36 J F M A M J J A S O N D J F M A M J J A S O N D J F M 

1935 1936 1937 



100 



90 



80 



70 



60 



50 



40 



WHOLESALE PRICE INDEXES : CANADA. U.K. AND U.S.A. 



1926 = 100 




16 



APRIL 15 



Index 1926 = 100 



XI— COST OF LIVING INDEXES <« 

Dominion Bureau of Statistics 















Fuel, 


Foods. Fuel, 






Food 


Fuel 


Clothing 


Rents 


Sundries 


Clothing, 


Clothing, 


Total 




30% 


6% 


18% 


20% 


26% 


Household 
Require- 
ments 


Household 
Require- 
ments 


100% 


Average of Months 


















1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


101.0 


96.4 


96.9 


103.3 


99.0 


96.9 


98.9 


99.9 


1932 


64.3 


91.4 


72.3 


94.7 


94.6 


80.3 


72.6 


81.3 


1935 


70.4 


86.8 


69.9 


81.3 


92.2 


77.5 


74.1 


79.1 


1936 


73.4 


86.6 


70.5 


83.7 


92.1 


78.0 


75.8 


80.6 


Monthly 


















1936— Mar. 


73.4 


87.4 


70.2 


82.6 


92.1 


78.0 


75.8 


80.4 


Apr. 


71.0 


87.3 


70.2 


82.6 


92.1 


77.9 


74.6 


79.6 


May 


71.3 


87.2 


70.2 


83.8 


92.1 


77.9 


74.7 


80.0 


June 


71.3 . 


85.8 


70.7 


83.8 


92.1 


78.0 


74.8 


80.0 


July 


72.6 


85.8 


70.7 


83.8 


92.1 


78.0 


75.4 


80.4 


Aug. 


74.7 


85.8 


70.7 


83.8 


92.1 


78.0 


76.4 


81.0 


Sept. 


75.1 


86.1 


70.6 


83.8 


92.2 


78.0 


76.6 


81.1 


Oct. 


74.4 


86.3 


70.6 


84.9 


92.1 


78.0 


76.3 


81.1 


Nov. 


75.0 


86.7 


70.6 


84.9 


92.2 


78.1 


76.6 


81.4 


Dec. 


75.3 


86.7 


71.6 


84.9 


92.3 


78.7 


77.1 


81.7 


1937— Jan. 


75.2 


86.5 


71.6 


84.9 


92.3 


78.7 


77.0 


81.6 


Feb. 


75.6 


86.6 


71.6 


84.9 


92.3 


78.7 


77.2 


81.7 


Mar. 


75.7 


86.6 


72.6 


84.9 


92.5 


79.5 


77.7 


82.0 



CD Applicable to a family income of $2,000-$2,500 in 1926-29. 



COST OF LIVING DETAIL PRICE INDEXES 



INDEX 

110 



1926 = 100 




'V 



MONTHLY 



FUEL 



*-*' 



I**" 



-=v 



FOOD 




NDEX 

110 



100 



90 



80 



70 



, I 60 



"29 '30 ": '32 '33 *34 "35 *36 J F M A M J J A S O N D J F M A M J J A S O N D J F M 

1935 1936 1937 



RIL 1937 



17 



Index 1926 = 100" 



XII WAGE RATES 

Department of Labour 





Building 


Metal 


Printing 


Electric 


Steam 


Coal 


Factory 


Misc. 


Logging 


Total 




Trades 


Trades 


Trades 


Railways 


Railways 


Mining 


Labour 


Factory 
Trades 


and 

Saw'Milling 


Index 


1920 


105.1 


118.0 


95.2 


103.1 


118.6 


118.1 


114.9 


110.2 


112.1 


111.5 


1921 


99.1 


105.3 


100.0 


102.0 


105.1 


124.4 


101.8 


102.7 


84.4 


101.9 


1922 


94.4 


97.9 


99.5 


97.9 


98.9 


118.2 


97.7 


96.1 


87.8 


96.7 


1923 


9G.7 


98.1 


97.7 


98.8 


100.0 


118.2 


97.0 


99.7 


94.2 


98.9 


1924 


98.0 


98.9 


99.3 


98.9 


100.0 


114.9 


97.8 


100.5 


101.3 


100.1 


1925 


99.0 


98.9 


99.7 


99.7 


100.0 


100.1 


99.5 


99.4 


98.8 


99.4 


192G 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1927 


104.2 


100.4 


100.9 


100.8 


106.4 


100.3 


100.2 


101.4 


101.1 


102.2 


1928 


107.8 


101.5 


102.6 


103.0 


106.4 


100.9 


99.9 


102.1 


101.9 


103.2 


1929 


114.8 


104.1 


104.7 


105.4 


109.6 


100.9 


100.3 


102.7 


102.7 


105.2 


1930 


118.1 


105.2 


105.2 


105.8 


109.6 


101.2 


100.5 


102.8 


101.7 


105.8 


1931 


113.7 


103.1 


106.1 


105.4 


106.9 


101.2 


97.9 


100.3 


90.2 


101.5 


1932 


103.5 


98.5 


100.5 


101.4 


98.7 


98.0 


92.7 


93.7 


78.2 


95.4 


1933 


91.8 


95.4 


95.3 


97.0 


96.4 


96.7 


89.7 


89.3 


67.3 


90.3 


1934 


89.9 


94.7 


94.9 


96.8 


93.2 


97.3 


91.2 


91.8 


80.3 


91.5 


1935 


92.9 


95.7 


95.4 


97.5 


98.7 


99.0 


93.4 


93.9 


84.2 


94.1 


1936 


93.4 


95.9 


95.8 


98.5 


98.7 


99.1 


95.9 


96.0 


91.8 


95.9 



(i) Base 1913 adjusted to 1926=100 



INDEX 

NO 



WAGE RATES 

1926 = 100 





1926 '27 "28 "29 "30 "31 "32 "33 "34 "35 "36 1926 '27 "26 "29 "30 "31 '32 "33 '34 '35 '36 



•Sci. 



■TATISTICAL SUMMARY 



ANK OF CANADA 




MAY 1937 



TABLE OF CONTENTS 

Tables Charts 

Page Page 

I Bank of Canada 2-3 1-3 

II Chartered Banks 4-5 4-5 

III Security Prices: 

1. Canadian Government Securities ..... 6 6 

2. Canadian, U.K., and U.S.A. Government Securities . 7 7 

IV Public Finance: Education ....... 8 

V Balance of Payments 9 

VI Industrial Activity 10 10 

VII Commercial Failures 11 11 

VIII External Trade : 

1. Imports by Countries ....... 12 12 

2. Exports by Countries ....... 13 13 

IX Wholesale Commodity Prices: 

1. Canada and U.S.A. — Indexes .14 14 

2. Canada — Chief Commodities ..... 15 15 

X Electric Power Production 16 16 

XI Construction Contracts Awarded 17 17 



Note: Tables and charts refer to Canada, unless otherwise stated. 

Subscription $3.00 a year, post free. For particulars apply to the Research Department, Bank of Canada, 
Ottawa. 



AY 1937 



BANK OF CANADA 



SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 

400 



MILLIONS OF DOLLARS 








B/ 


WK OF 

O" 


" CANADA AS 


SETS 






fHER ASSETS 1 












^^VxVV 


V SECURITIES VXX 

\XXXXXXXX/ 


XXX ' — 




RESERVE 


xxxxxx — 








'.',','• 




' ,■ , .■ 






/Y 



400 



350 



300 



250 



200 



50 



100 



50 



1935 



1936 



1937 



Millions of Dollars 



MAY 1937 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Toi 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Assi 

01 

Liabil 


Average of 


















Wednesday Figures 


















1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


0.7 


48.9 


6.8 


294 


1936-12 Mths. 


40.5 


184.7 


225.2 


22.5 


1.0 


64.0 


9.3 


322 


1936— Apr. 


35.5 


185.5 


221.0 


22.0 


1.0 


54.9 


7.6 


306 


May 


36.7 


187.1 


223.8 


25.8 


0.9 


55.2 


7.4 


313 


June 


36.9 


186.9 


223.8 


25.5 


1.1 


57.5 


7.8 


315 


July 


39.1 


186.6 


225.7 


16.2 


0.6 


60.7 


7.3 


31C 


Aug. 


38.9 


184.6 


223.5 


23.6 


0.8 


64.0 


8.5 


32C 


Sept. 


45.6 


172.6 


218.2 


16.1 


0.4 


75.0 


11.6 


321 


Oct. 


50.0 


177.5 


227.5 


16.2 


0.2 


80.7 


13.5 


33i 


Nov. 


47.9 


199.1 


247.0 


20.8 


0.7 


80.9 


16.2 


36! 


Dec. 


46.2 


192.0 


238.2 


24.1 


2.1 


83.5 


14.1 


362 


1937— Jan. 


52.1 


190.3 


242.4 


22.1 


2.0 


77.9 


12.6 


35i 


Feb. 


44.0 


194.5 


238.5 


34.6 


1.0 


76.2 


12.4 


362 


Mar. 


42.5 


195.8 


238.3 


29.7 


1.6 


80.2 


14.1 


36- 


Apr. 


46.5 


191.7 


238.2 


31.2 


1.2 


82.4 


12.4 


36! 


Wednesdays 


















May 5 


44. 8 ( " 


197.0 


241.8 (1> 


22.0 


1.0 


86.1 05 


13.4 


36' 


12 


46.7 (I) 


194.2 


240.9° 


21.8 


0.8 


84.3 <n 


12.7 


361 


19 


47.5 (1) 


191.0 


238.5 1 " 


22.1 


0.9 


83.4 (U 


12.8 


35' 



(1) Estimates. 



MILLIONS OF DOLLARS 

140 



BANK OF CANADA: NOTE CIRCULATION 



WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 

140 




IAY 1937 

NADA 



Millions of Dollars 



ASSETS 




Reserve 


Securities 


Advances 


All 
Other 

Accounts 






Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total 






















Average of 
Wednesday Figures 




1.4 


10.3 


166.3 


57.90 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9Mths. 




1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.3 


1.7 


4.1 


1936-12Mths. 




1.6 


11.1 


193.0 


64.57 


27.6 


82.0 


109.6 


— 


3.9 


Apr.— 1936 




1.7 


13.3 


194.8 


63.72 


29.9 


81.3 


111.2 


2.0 


5.1 


May 




1.7 


15.8 


197.4 


64.11 


28.5 


82.7 


111.2 


3.2 


3.9 


June 




1.8 


10.3 


191.9 


63.29 


30.0 


82.0 


112.0 


3.0 


3.6 


July 




1.8 


18.9 


200.1 


64.16 


31.3 


80.4 


111.7 


3.0 


5.6 


Aug. 




1.9 


5.3 


186.6 


60.25 


42.3 


86.3 


128.6 


3.0 


3.1 


Sept. 




1.9 


5.1 


186.4 


57.42 


51.8 


93.7 


145.5 


3.0 


3.2 


Oct. 




2.0 


12.3 


193.5 


55.38 


63.0 


100.7 


163.7 


1.0 


7.4 


Nov. 




2.0 


14.6 


195.9 


56.31 


62.2 


99.5 


161.7 


- 


4.4 


Dec. 




2.3 


11.7 


193.5 


56.18 


61.7 


98.0 


159.7 


- 


3.8 


Jan.— 1937 




2.3 


14.7 


196.5 


56.09 


58.7 


102.9 


161.6 


- 


4.6 


Feb. 




2.3 


18.6 


204.1 


58.35 


51.8 


101.8 


153.6 


- 


6.2 


Mar. 




2.4 


16.1 


209.3 


59.29 


50.5 


101.7 


152.2 


— 


3.9 


Apr. 

Wednesdays 




2.4 


13.4 


205.0 


58.40 


48.2 


101.5 


149.7 


- 


9.6 


May 5 




2.4 


13.5 


204.5 


58.80 


48.2 


101.5 


149.7 


- 


6.3 


12 




2.4 


14.6 


204.8 


59.36 


47.1 


101.4 


148.5 


— 


4.4 


19 

























BANK OF CANADA : RESERVE AND INVESTMENTS 



MILLIONS OF DOLLARS 



WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 



210 



150 



90 



^K 



A 



l\ 



1 «-' 

V 



rnvn 




120 v^ 



-«^ 



\_L# 



/ V 



f % 



i 
i 

i 



V 



INVESTMENTS- 



— .r-'V 



>%/ 



<A 



*— . 



210 



80 



150 



120 



MAMJ JASON DJFMAMJ JASONDJFMAMJ 

1935 1936 1937 



90 



Millions of Dollars 



MAY 1937 

II-CHAI 

Ba 





LIABILITIES 






Notes 


Deposits 


Cash 
in 


Secur 
























Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits* 1 ' 


Foreign 


Total 
Deposits'" 


Canada' 3 ' 


Dom. 
and Prov. 


0! 


Average of 
Month-end Figures 






















1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


1! 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


1, 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


21 


1935 


126 


569 


1,445 


65 


2,108 


348 


2,476 


216 


861 


l; 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


1,075 


2, 


End of 






















1936— Apr. 


120 


622 


1,536 


71 


2,262 


392 


2,676 


222 


1,077 


2, 


May 


123 


578 


1,527 


88 


2,226 


391 


2,633 


219 


1,081 


2 


June 


123 


622 


1,505 


80 


2,244 


389 


2,656 


224 


1,084 


I 


July 


119 


619 


1,494 


62 


2,210 


376 


2,606 


222 


1,088 


2 


Aug. 


124 


626 


1,503 


46 


2,209 


428 


2,657 


219 


1,084 


2 


Sept. 


116 


648 


1,501 


114 


2,301 


406 


2,727 


221 


1,107 


2 


Oct. 


118 


664 


1,510 


86 


2,291 


409 


2,723 


227 


1,097 


2 


Nov. 


116 


680 


1,547 


42 


2,300 


415 


2,734 


259 


1,059 


2 


Dec. 


109 


682 


1,548 


72 


2,323 


41S 


2,773 


235 


1,116 


2 


1937— Jan. 


109 


644 


1,549 


137 


2,283 


406 


2,788 


241 


1,109 


3 


Feb. 


114 


656 


1,564 


150 


2,319 


421 


2,843 


233 


1,123 


2 


Mar. 


113 


711 


1,584 


75 


2,393 


424 


2,853 


237 


1,135 


2 


Apr. 


111 


732 


1,583 


67 


2,420 


41S 


2,865 


240 


1,137 


3 



(1) Estimated month-end deposits payable in Canadian currency. U) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposit 

W Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 

(5) Chartered Bank note circulation and Bank of Canada notes in public circulation. 



CHARTERED BANKS = RATIO PUBLIC DEMAND TO TIME DEPOSITS 



52% 



48% 



44% 



40% 



36% 



32% 



MONTH-END FIGURES 




1926 



1927 



1928 



IAY 1937 
ANKS 



ASSETS 



Loans 



Canada 



Call 



140 

267 

117 

82 

93 

83 

87 

91 

91 

91 

105 

109 

116 

114 

119 

119 

124 

121 



Current 



1,021 

1,455 

1,197 

963 

819 

862 
828 
777 
768 
776 
807 
816 
800 
791 
796 
805 
814 
835 



Foreign 



Call 



250 

301 

84 

72 
64 

66 
58 
64 
58 
59 
60 
66 
75 
75 
72 
68 
76 
72 



Current 



261 
248 
172 
146 
150 

142 
145 
150 
147 
155 
156 
160 
156 
162 
162 
168 
172 
168 



Total 

Assets 



2,864 
3,528 
2,869 
2,957 
3,145 

3,154 
3,108 
3,135 
3,084 
3,141 
3,205 
3,202 
3,206 
3,242 
3,262 
3,329 
3,337 
3,347 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




in 
Canada ' 


Deposits' 4 * 


Deposits in 


Note 






Canada 


Circulation' 5 ' 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


220 


2,214 


10.0 


175 


Apr.— 1936 


223 


2,228 


10.0 


175 


May 


224 


2,203 


10.2 


176 


June 


225 


2,188 


10.3 


178 


July 


221 


2,179 


10.2 


184 


Aug. 


219 


2,237 


9.8 


195 


Sept. 


227 


2,267 


10.0 


197 


Oct. 


247 


2,274 


10.9 


194 


Nov. 


238 


2,285 


10.4 


200 


Dec. 


240 


2,302 


10.4 


182 


Jan.— 1937 


238 


2,301 


10.3 


184 


Feb. 


238 


2,347 


10.1 


191 


Mar. 


236 


2,364 


10.0 


193 


Apr. 



MILLIONS OF DOLLARS 

300 



CHARTERED BANKS: CALL LOANS IN CANADA 



MONTH-END FIGURES 






MILLIONS OF DOLLARS 

300 




1926 



1927 



1928 



1929 



1931 



1932 



1933 



1934 



1935 



1936 



1937 



1938 



1939 



1940 



MAY 1937 



III— SECURITY PRICES 

Bank of Canada 



Dominion of Canada Bonds Payable in Canada Only 
Middle Prices and Yields 





4K% due Nov. 1, 
1948-58 


3% due June 1, 
1950-55 


5% due Oct. 15, 
1943 


2} / 2% due June 1, 
1943 


2% due Nov. 15, 
1939 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Average of working 
days 






















1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


101.91 


1.40 


1936— Apr. 


110.26 


3.49 


98.75 


3.09 


114.36 


2.86 


102.51 


2.12 


101.50 


1.57 


May 


110.45 


3.46 


99.15 


3.06 


114.63 


2.80 


102.64 


2.09 


101.65 


1.52 


June 


111.59 


3.35 


99.61 


3.03 


115.36 


2.68 


103.03 


2.03 


102.05 


1.38 


July 


112.43 


3.27 


101.07 


2.91 


115.95 


2.57 


103.30 


1.98 


102.43 


1.25 


Aug. 


113.54 


3.16 


102.43 


2.79 


116.52 


2.47 


103.76 


1.91 


102.84 


1.10 


Sept. 


113.71 


3.13 


101.59 


2.86 


116.55 


2.44 


103.89 


1.88 


102.89 


1.07 


Oct. 


111.88 


3.30 


100.01 


3.00 


114.28 


2.74 


102.56 


2.09 


102.24 


1.26 


Nov. 


112.30 


3.25 


100.49 


2.96 


114.47 


2.69 


101.97 


2.18 


102.01 


1.31 


Dec. 


112.81 


3.20 


101.21 


2.89 


114.88 


2.61 


102.45 


2.09 


102.01 


1.30 


1937— Jan. 


112.39 


3.23 


100.47 


2.96 


114.20 


2.69 


102.15 


2.14 


101.82 


1.34 


Feb. 


110.27 


3.43 


98.38 


3.12 


112.11 


2.98 


101.44 


2.25 


101.38 


1.49 


Mar. 


108.12 


3.64 


95.80 


3.32 


110.91 


3.15 


100.85 


2.35 


101.51 


1.42 


Apr. 


107.78 


3.67 


95.49 


3.33 


111.20 


3.09 


100.47 


2.42 


101.71 


1.32 


May 1-15 


108.48 


3.59 


95.59 


3.33 


111.47 


3.02 


100.41 


2.43 


101.44 


1.41 



CANADIAN AND UNITED STATES GOVERNMENT BOND YIELDS IN NEW YORK 1936-37 



25% 



27% 



2.9% 




35% 



IU% 


















CANADIAN DOLLAR IN NEW YORK — .. 










1 I*''' 


.*'"■ 




.*•••• 
»***•* 


' 


PAR 




.../•••/'•***• 


'• ..•••*•*•••• . 




pi 


' '-/' 




•A* 


.-"••••• 


•'"' r 














...... 
















in / 


:/•-. 


•.'"' 









































APR, MAY JUNE JULY AUG 



NOV DEC 



MAR APR. MAY 



33% 



05% 
+1.0% 



PAR 



1.0% 



MAY 1937 



III— SECURITY PRICES 

Bank of Canada 









Government Bonds'" 

Middle Prices and Yields 




Treasury Bill Tenders' 4 ' 




Canada 


U. 1 


<.(2) 


U.S.A.") 


Canada 


U.K. 


U.S.A. 




Price 


Yi, Id 


Price 


Yield 


Price 


Yield 


3 Months 


3 Months 


Months 


Average of Working 
days 




















1936 


105.67 


3.18 


106.48 


3.06 


103.45 


2.67 


.843 


.595 


.131 


1936— Apr. 


104.51 


3.29 


106.72 


3.05 


103.11 


2.70 


.879 


.528 


.100 


May 


104.80 


3.26 


106.54 


3.06 


103.33 


2.68 


.896 


.525 


.181 


June 


105.60 


3.19 


105.90 


3.10 


103.18 


2.69 


.838 


.904 


.242 


July 


106.75 


3.09 


106.19 


3.08 


103.34 


2.68 


.757 


.581 


.071 


Aug. 


107.99 


2.97 


106.53 


3.06 


103.88 


2.64 


.689 


.526 


.194 


Sept. 


107.65 


3.00 


107.01 


3.03 


104.12 


2.62 


.643 


.520 


.146 


Oct. 


105.95 


3.15 


107.21 


3.01 


103.87 


2.64 


.702 


.539 


.141 


Nov. 


106.40 


3.11 


106.96 


3.02 


105.00 


2.56 


.749 


.526 


.101 


Dec. 


107.01 


3.05 


105.68 


3.11 


105.17 


2.55 


.747 


.906 


.117 


1937— Jan. 


106.43 


3.09 


104.87 


3.16 


105.57 


2.51 


.747 


.526 


.345 


Feb. 


104.33 


3.28 


102.38 


3.33 


105.65 


2.50 


.776 


.520 


.373 


Mar. 


102.01 


3.47 


101.21 


3.41 


104.14 


2.62 


.805 


.521 


.525 


Apr. 


101.64 


3.50 


101.81 


3.37 


101.15 


2.84 


.771 


.527 


.667 


May 1-15 


102.04 


3.46 


101.93 


3.36 


101.50 


2.82 


.715 


.509 


.685 



(1) Average of two long term issues noted on chart below for each country. 

(2) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 
W) Exempt from Federal Income and certain State taxes. 

(4) Average successful tender rate of issue on (or nearest date to) 15th of each month. 



COMPARISON OF LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 1936-37 



25% 
2.6% 
2.7% 

2.8% 



^^sA, 



~*< 



/-W 



U.S. TREASURY 



AVERAGE YIELDS OF 

39b DUE 15 SEPT .1951 -55 

2Ji% DUE 15 MAR .1955 - 60 



^' 



• ''^V 



»«^w 



J* 



>»— /V, 



V 



fcA'Sv^v' 



^ 



25% 
2.6% 
2.7% 
2.8% 
2.9% 



kl 



U^4- 



29% 



30% 



31% 



32%- 



33% \ 



34%- 



35%- 



UNITED KINGDOM 

AVERAGE YIELDS OF 

3!' 2 %'conversion"due I APR .1961 and after 

3'A% "WAR LOAN" DUE I DEC .1952. and after 



1 ; » 1 

UV 1 IV 



r* 




APR MAf JUNE JULY - AUG. SEPT OCT MOV. DEC - JAN. FEB 



MAR APR. 



MAY 1937 



IV— PUBLIC FINANCE: EDUCATION 
GOVERNMENT SUPPORT OF PUBLICLY CONTROLLED SCHOOLS* 



Thousands of Dollars 



Compiled from Annual Surveys of Education, Dominion Bureau of Statistics 



Grants from Dominion(b) 

Grants from Province 

Raised by Local Taxation 

Total 

Average Daily Attendance (thousands} 



Grants from Dominion (b) 

Grants from Province 

Raised by Local Taxation 

Total 

Average Daily Attendance (thousands 



Grants from Dominion(b) 

Grants from Province 

Raised from Local Taxation . . . . 

Total 

Average Daily Attendance (thousands! 



Grants from Dominion(b) 

Grants from Province 

Raised by Local Taxation .... 

Total 

Average Daily Attendance (thousands' 



Grants from Dominion(b) 

Grants from Province 

Raised by Local Taxation .... 

Total 

Average Daily Attendance (thousands) 

TOTAL GOVERNMENT SUPPORT : DOLLARS PER 
CAPITA OF AVERAGE DAILY ATTENDANCE 



DURING FISCAL YEARS <a) ENDING IN 



1915 



1920 



1925 



1930 



19.55 



PRINCE EDWARD ISLAND 



28 


32 


2 


22 


115 


147 


243 


227 


91 


131 


168 


190 


234 


310 


413 


439 


11.7 


11.0 


12.3 


12.2 



265 
224 
489 

13.5 





NEW 


BRUNSWICK 


49 


68 


43 


52 


164 


139 


374 


398 


859 


1,461 


2,948 


2,618 


1,072 


1,668 


3,365 


3,068 


48 


47 


58 


66 



451 
2,161 
2,612 

71 





ONTARIO 




231 


618 


348 


- 


874 


1,797 


4,375 


5,601 


14,063 


22,756 


32,479 


41,763 


15,168 


25,171 


37,202 


47,364 


368 


398 


508 


592 



(c) 

5,010 
38,018 
43,028 

614 





SASKATCHEWAN 


61 


124 


17 


61 


990 


1,213 


2,113 


2,703 


4,121 


9,149 


10,461 


10,671 


5,172 


10,486 


12,591 


13,435 


72 


101 


145 


170 



(c) 

42 

1,552 

5,800 

7,394 

175 





BRITISH COLUMBIA 


53 


89 


41 


69 


1,364 


1,659 


2,331 


2,650 


2,310 


3,314 


5,105 


6,265 


3,727 


5,062 


7,477 


8,984 


53 


60 


83 


96 



2,176 
5,623 
7,799 

105 



DURING FISCAL YEARS u) ENDING IN: 



1920 



1925 



1930 





NOVA SCOTIA 


61 


82 


35 


22 


208 


189 


322 


123 


1,218 


2,186 


3,016 


3,024 


1,487 


2,457 


3,373 


3,469 


70 


66 


80 


85 





QUEBEC 




187 


308 


263 


125 


391 


309 


725 


1,343 


5,546 


9,808 


15,529 


17,613 


6,124 


10,425 


16,517 


19,081 


311 M 


325^ 


389 


421 





MANITOBA 


58 


80 


20 


42 


410 


612 


1,123 


1,244 


3,048 


4,947 


7. 1:50 


7,822 


3,516 


5,639 


8,593 


9,108 


68 


89 


104 


117 



ALL PROVINCES 



779 

5,005 

34,989 

40,773 

1,063 



$38.36 



1,485 

6,867 

60,646 

68,998 

1,179 



$58.52 



831 
12,629 
85,353 
98,813 

1,485 



$66.54 



415 

16,161 

98,821 

115,397 

1,688 



$68.36 



1935 



40 
573 <c) 
3,048 
3,661 

91 



(c) 

1,219 
19,392 
20,611 

490 



9 
1,034 
6,017 
7,060 

117 





ALBERTA 


(c) 


51 


84 


62 


22 


- 


489 


802 


1,023 


1,572 


1,445 


3,733 


6,894 


8,197 


8,855 


7,989 


4,273 


7,780 


9,282 


10,449 


9,434 


61 


82 


106 


129 


136 



(c) 

91 

13,725 

88,272 

102,088 

1,813 



$56.31 



ALL PROVINCES : PERCENTAGE DISTRIBUTION 





DURING FISCAL YEARS (a) ENDING IN: 




1915 


1920 


1925 


1930 


1935(c) 


Grants from Dominion(b) . . 
Grants from Provinces. . . . 
Raised from Local Taxation 


1.9% 
12.3% 

85.8% 


2.2% 
10.0% 

87.8% 


•8% 
12.8% 
86.4% 


•4% 
14.0% 
85.6% 


•1% 

13.4% 
86.5% 


Total 


100.0% 


100.0% 


100.0% 


100.0% 


100.0% 







* Schools controlled by, or by appointees of, publicly elected bodies. Privately controlled schools are excluded; in Quebec their expenditure is less than 
10% of that of publicly controlled schools and for the provinces as a whole less than 5%. Universities, colleges and Indian schools are also excluded. 

(a) Fiscal years end on June 30 in N.B., Man., and B.C.; on July 31 in N.S.; and on Dec. 31 in the other provinces. The subdivision between Dominion 
and provincial grants is approximate. To obtain provincial grants the figures of Dominion grants for Dominion fiscal years (ending March 31), 
have been deducted from total Dominion and provincial grants for school fiscal years as above. 

(b) Under Agricultural Instruction Act of 1913 (no grants after 1924) and Technical Education Act of 1919. 

(c) In five provinces figures relate to 1934 which is the latest year available, or, in the case of Nova Scotia, the latest comparable, 
(e) Estimated. 



MAY 1937 



Millions of Dollars 



V— BALANCE OF PAYMENTS 
PRELIMINARY ESTIMATES FOR 1935 AND 1936 

Dominion Bureau of Statistics 



1935 



Exports 



Imports 



Net Debit ( — ) 
NetCredit( + ) 



1936 



Exports 



Imports 



Net Debit ( — ) 
NetCredit( + ) 



CURRENT ACCOUNT ITEMS: 

Visible Items: 

Commodity Trade (adjusted) 

Exports and Imports of Gold Coin and 
Bullion"' 

Invisible Items: 

Freight (2) 

Tourist Expenditures 

Interest and Dividends' 2 ' 

Immigrant Remittances 

Government Expenditures and Receipts. . 
Charitable and Missionary Contributions. 

Insurance (net figure) 

Advertising 

Motion Picture Expenditures 

Capital of Immigrants and Emigrants. . . . 
Earnings of Canadian Residents Employed 

in the United States (net figure) 

Miscellaneous 

Total Current Account Items .... 



CAPITAL ACCOUNT ITEMS 

Sales and Purchases of Securities 

Redemptions' 3 ' 

New Issues (including refinancing) 

Direct Investments 

Other Known Movements (net figure)' 4 ' 

Total Capital Account Items . . . 



BALANCE DUE TO ERRORS 

AND OMISSIONS 

(Difference between total debits and 
total credits including both current and 
capital account). 



740.0 
112.4 

55.0 
214.8 

98.0 
6.0 
5.9 
2.6 

2.0 

1.8 

1.2 



1,239.7 



301.8 

116.5 
6.0 



424.3 



542.0 
1.7 



84.0 

91.6 

317.0 

6.7 

10.0 

1.5 

8.0 

1.5 

2.8 

3.0 



+ 198.0 
+ 110.7 



- 29.0 

+ 123.2 
-219.0 

- 0.7 



+ 



+ 



4.1 
1.1 
8.0 
0.5 
2.8 
1.2 



+ 1.2 



953.9 

126.8 

50.0 
255.8 

80.0 
7.0 
6.5 
1.0 

2.3 

1.9 

1.6 



627.0 
1.0 



68.0 

99.8 

330.0 

9.0 

12.0 
1.5 

16.0 
1.8 
3.0 
3.5 



5.0 



1,069.8 



250.8 
190.0 



+ 169.9 



+ 51.0 
-190.0 
+ 116.5 
+ 6.0 



1,486.8 

422.5 
110.0 



1,177.6 



414.7 
255.0 



85.0 



440.8 



16.5 



+ 153.4 



532.5 



754.7 



+326.9 
+ 125.8 



- 18.0 
+ 156.0 
-250.0 

- 2.0 

- 5.5 

- 0.5 

- 16.0 
0.5 
3.0 
1.6 



+ 



+ 1.6 
- 5.0 



+309.2 



+ 7.8 
-255.0 
+ 110.0 

- 85.0 



-222.2 



+ 87.0 



(1) Including in 1936 movements of "earmarked" gold. 

(2) Estimates for 1935 and 1936 are not comparable owing to changed methods of compilation. Revisions for 1935 are expected to show downward 

adjustments. 

(3) Including repatriations involved in refinancing. 

(4) Net movement of funds resulting from operations of foreign branch plants in Canada, Canadian branches abroad, transactions of trust companies, 

and sundry short term movements of funds. The figure includes some current account transactions. Final data for 1935 are not yet available 
but it is believed that there was a considerable net debit item. 



10 



MAY 1937 



VI— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume 

of 

Business 

Index 

1926=100 


PRODUCTION 


Con- 








Gold 


Copper 


Steel 


Auto- 
mobiles 

and 
Trucks 


News- 
print 


Electric 
Power 


struction 
Contracts 
Awarded 


Car- 
loadings 


Employ- 
ment 
Index 




Thousands 
FincOunccs 


Thousands 
Short Tons 


Thousands 
Long Tons 


Thousands 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs. 


Millions 
of Dollars 


Thousands 


1926 = 100 


Average of Months 

1926 


100.0 


146.2 


5.5 


64.7 


17.1 


157.4 


1008 


31.1 


271.1 


100.0 


1929 


125.5 


160.7 


10.3 


114.8 


21.9 


227.1 


1497 


48.1 


293.7 


119.2 


1932 


78.7 


253.7 


10.3 


28.3 


5.1 


159.9 


1338 


11.1 


181.3 


84.2 


1935 


102.4 


273.7 


17.5 


78.0 


14.1 


229.4 


1950 


13.4 


196.5 


99.8 


1936 


112.2 


310.8 


17.5 


92.9 


13.5 


265.0 


2124 


13.5 


207.9 


104.0 


Monthly 






















1936— Feb. 


104.8 


266.4 


16.5 


93.4 


13.3 


221.6 


1939 


8.2 


180.2 


103.9 


Mar. 


104.0 


299.1 


18.2 


101.1 


18.0 


243.9 


2136 


10.3 


192.1 


103.7 


Apr. 


111.0 


299.3 


17.7 


107.2 


25.0 


258.7 


2165 


9.8 


193.1 


103.2 


1937— Feb. 


115.0 


310.1 


19.2 


111.8 


19.7 


275.5 


2147 


8.7 


186.2 


109.9 


Mar. 


118.7 


326.3 


20.9 


125.1 


24.9 


301.1 


2412 


16.1 


214.4 


107.8 


Apr. 








121.4 


17.1 




2323 


24.4 


207.6 


109.2 



GOLD AND COPPER PRODUCTION 



4500 




z250 

o 



?200 



150 



§ II 



50 







MONTHLY TOTA 
GOLD^ 

i 


LS 

































COPPER 


y 


1 


^ 


,, 



















COPPER 


A V 










v^y 












j 


i 




j 


| 












ii 




i 




i 



400 



300^ 



200° 



100 



25 c 

> 
z 



20 



15 3 



1926 '27 "28 '29 '30 '31 "32 



'33 "34 '35'36MAMJJ ASONDJ FMAMJ J AS 
1935 1936 



10 



ONDJFMAMJ 
1937 



MAY 1937 



11 



VII— COMMERCIAL FAILURES <« 

Dominion Bureau of Statistics 





NUMBER OF FAILURES 




LIABILITIES 

Thousands 


INVOLVED 

of Dollars 






Trade 


Manu- 
facture 


Other 


Total 


Maritime 
Provinces 


Quebec 


Ontario 


Prairie 
Provinces 


British 
Columbia 


Total 


Calendar Year Totals 

1926 


805 


390 


578 


1773 


985 


12975 


12875 


2299 


2154 


31288 


1927 


818 


430 


593 


1841 


1137 


11395 


14041 


3051 


691 


30315 


1928 


884 


505 


648 


2037 


1741 


12355 


13390 


3972 


997 


32455 


1929 


1101 


443 


623 


2167 


978 


13002 


16822 


6019 


1927 


38748 


1930 


1204 


488 


710 


2402 


1034 


15921 


21025 


5961 


4223 


48164 


1931 


1102 


464 


650 


2216 


996 


23567 


16084 


8403 


3503 


52553 


1932 


1171 


468 


781 


2420 


1972 


17176 


23246 


6708 


2527 


51629 


1933 


1089 


357 


598 


2044 


1058 


15544 


12391 


2986 


975 


32954 


1934 


799 


217 


516 


1532 


728 


11967 


7419 


1466 


2018 


23598 


1935 


594 


180 


540 


1314 


512 


8253 


6053 


1694 


1055 


17567 


1936 


536 


191 


471 


1198 


352 


6952 


6244 


1126 


471 


15145 



(l) Compilation of assignments made under the Bankruptcy and Winding Up Acts. 



THOUSANDS 

4 



COMMERCIAL FAILURES 

CALENDAR YEAR TOTALS 

















MUMBER OF FAILURES^ 


^V 






\ 


1 


1 




, , 













I 

,1922 '23 '24 '25 '26 '27 '26 '29 '30 '31 "32 '33 '34 '35 "36 

MILLIONS OF DOLLARS 



NUMBER OF FAILURES 1936 

PERCENTAGE DISTRIBUTION BY TYPE 




60 












— 






— 


in 


V 









-, 


_j_ 










, , 


I^p" 



LIABILITIES 


INVOLVED 1936 


PERCE 


JTAGE DISTRIBUTION 


BY AREAS 




OUEBEC 










MARITIME 




"N^"— 


■ — _ ec 






\ 


\5j/ 




ONTARIO 







1922 '23 '24 '25 '26 '27 - '28 '29 '30 '31 "32 '33 '34 "35 "36 



10 



MAY 1937 



VI— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume 

of 

Business 

Index 

1926=100 


PRODUCTION 


Con- 
struction 
Contracts 
Awarded 


Car- 
loadings 






Gold 


Copper 


Steel 


Auto- 
mobiles 

and 
Trucks 


News- 
print 


Electric 
Power 


Employ- 
ment 
Index 




Thousands 
FineOunees 


Thousands 
Short Tons 


Thousands 
Long Tons 


Thousands 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs. 


Millions 
of Dollars 


Thousands 


1926=100 


Average of Months 

1926 


100.0 


146.2 


5.5 


64.7 


17.1 


157.4 


1008 


31.1 


271.1 


100.0 


1929 


125.5 


160.7 


10.3 


114.8 


21.9 


227.1 


1497 


48.1 


293.7 


119.2 


1932 


78.7 


253.7 


10.3 


28.3 


5.1 


159.9 


1338 


11.1 


181.3 


84.2 


1935 


102.4 


273.7 


17.5 


78.0 


14.1 


229.4 


1950 


13.4 


196.5 


99.8 


1936 


112.2 


310.8 


17.5 


92.9 


13.5 


265.0 


2124 


13.5 


207.9 


104.0 


Monthly 






















1936— Feb. 


104.8 


266.4 


16.5 


93.4 


13.3 


221.6 


1939 


8.2 


180.2 


103.9 


Mar. 


104.0 


299.1 


18.2 


101.1 


18.0 


243.9 


2136 


10.3 


192.1 


103.7 


Apr. 


111.0 


299.3 


17.7 


107.2 


25.0 


258.7 


2165 


9.8 


193.1 


103.2 


1937— Feb. 


115.0 


310.1 


19.2 


111.8 


19.7 


275.5 


2147 


8.7 


186.2 


109.9 


Mar. 


118.7 


326.3 


20.9 


125.1 


24.9 


301.1 


2412 


16.1 


214.4 


107.8 


Apr. 








121.4 


17.1 




2323 


24.4 


207.6 


109.2 



GOLD AND COPPER PRODUCTION 



4500 




1500 
300 







MONTHLY TOTA 
GOLD^ 


LS 























z250 

o 



?200- 



150 



100 



50 









— 


COPPER 


>^r 


-/ 

















400 



300 



200° 



100 

















COPPER 


A / 










\^J 




1 










1 




| 


| 










Ml 


mi 







25 



20 



15 § 



1926 '27 '28 "29 '30 '31 



"32 '33 '34 '35 '36 M A M J J A S O N D J F M A M J J 

1935 1936 



10 



SONDJFMAMJ 
1937 



MAY 1937 



11 



VII— COMMERCIAL FAILURES <» 

Dominion Bureau of Statistics 





NUMBER OF FAILURES 




LIABILITIES 

Thousands 


INVOLVED 

of Dollars 






Trade 


Manu- 
facture 


Other 


Total 


Maritime 
Provinces 


Quebec 


Ontario 


Prairie 
Provinces 


British 
Columbia 


Total 


Calendar Year Totals 
1926 


805 


390 


578 


1773 


985 


12975 


12875 


2299 


2154 


31288 


1927 


818 


430 


593 


1841 


1137 


11395 


14041 


3051 


691 


30315 


1928 


884 


505 


648 


2037 


1741 


12355 


13390 


3972 


997 


32455 


1929 


1101 


443 


623 


2167 


978 


13002 


16822 


6019 


1927 


38748 


1930 


1204 


488 


710 


2402 


1034 


15921 


21025 


5961 


4223 


48164 


1931 


1102 


464 


650 


2216 


996 


23567 


16084 


8403 


3503 


52553 


1932 


1171 


468 


781 


2420 


1972 


17176 


23246 


6708 


2527 


51629 


1933 


1089 


357 


598 


2044 


1058 


15544 


12391 


2986 


975 


32954 


1934 


799 


217 


516 


1532 


728 


11967 


7419 


1466 


2018 


23598 


1935 


594 


180 


540 


1314 


512 


8253 


6053 


1694 


1055 


17567 


1936 


536 


191 


471 


1198 


352 


6952 


6244 


1126 


471 


15145 



(l) Compilation of assignments made under the Bankruptcy and Winding Up Acts. 



THOUSANDS 



COMMERCIAL FAILURES 

CALENDAR YEAR TOTALS 

















MUMBER OF FAILURES -n 








^ 








1 


| 




, 




V^ 



NUMBER OF FAILURES 1936 

PERCENTAGE PiSTTilBUTION BY TYPE 




,1922 '23 '24 '25 '26 '27 '28 '29 '30 '31 '32 '33 '34 "35 "36 

MILLIONS OF DOLLARS 



60 


















— 


30 

n 


V 






, 


, , 













LIABILITIES INVOLVED 1936 

PERCENTAGE DISTRIBUTION BY AREAS 



OUEB 


EC 


MARITIME 






—~^_ BC. 


ONTARIO 




\5w 



1922 23 '24 '25 '26 "27 " '28 '29 '30 '31 '32 "33 '34 "35 "36 



12 



MAY 1937 



Millions of Dollars 



VIII— EXTERNAL TRADE: MERCHANDISE IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 







From 






















Total 
Imports 


Re-Exports 


Total 
Retained 
Imports 


Excess of 




U.K. 


Other 
British 


U.S.A. 


Other 
Foreign 


Exports 

or Imports 


Calendar Year Totals 


















1926 


165 


49 


669 


125 


1008 


15 


993 


282 


1929 


195 


62 


894 


148 


1299 


26 


1273 


85 


1930 


163 


65 


654 


127 


1009 


20 


989 


103 


1931 


110 


42 


394 


82 


628 


12 


616 


15 


1932 


94 


34 


264 


61 


453 


8 


445 


106 


1933 


98 


35 


217 


51 


401 


6 


395 


213 


1934 


113 


44 


294 


63 


514 


7 


507 


252 


1935 


117 


57 


312 


64 


550 


13 


537 


305 


1936 


123 


66 


370 


76 


635 


13 


623 


447 


12 Months Ending 


















Mar. 1937 


130 


69 


394 


79 


672 


13 


659 


448 


Monthly Totals 


















1936— Mar. 


9.7 


4.6 


32.9 


5.6 


52.8 


1.1 


51.7 


28.6 


Apr. 


8.8 


2.9 


26.2 


4.3 


42.2 


0.5 


41.7 


15.7 


May 


12.0 


7.3 


33.6 


6.2 


59.1 


0.7 


58.4 


30.5 


June 


11.1 


6.3 


34.0 


6.2 


57.6 


0.8 


56.8 


33.5 


July 


10.6 


7.7 


29.5 


6.0 


53.8 


1.1 


52.7 


39.8 


Aug. 


11.1 


5.3 


27.6 


6.3 


50.3 


1.0 


49.3 


43.2 


Sept. 


10.9 


6.0 


29.8 


6.3 


53.0 


0.7 


52.3 


41.8 


Oct. 


12.6 


7.3 


36.1 


9.2 


65.2 


2.0 


63.2 


50.2 


Nov. 


12.5 


7.4 


35.4 


10.9 


66.2 


1.9 


64.3 


56.6 


Dec. 


8.5 


4.9 


32.6 


7.0 


53.0 


1.3 


51.7 


53.1 


1937— Jan. 


9.3 


3.9 


33.2 


5.5 


51.9 


1.2 


50.7 


36.2 


Feb. 


9.2 


3.7 


31.8 


4.0 


48.7 


0.9 


47.8 


27.0 


Mar. 


12.9 


6.1 


44.7 


7.3 


71.0 


1.0 


70.0 


20.8 



MILLIONS OF DOLLARS 

80 



MERCHANDISE IMPORTS 

MONTHLY TOTALS 



MILLIONS OF MILLIONS 






FROM UNITED KINGDOM 








1937 -W 


' 






_/y 


^^^•-1936 







20 



15 



10 



55 



45 



35 



25 









FROM UNITED STATES 
















1937-^i 


I 








^ 








1-193 


2. ^\ 















FROM 


ALL OTHER 




1937-^. 
















-1936 















20 



15 



10 






JAN. FEB. MAR APR. MAY JUNE JULY AUG SEPT OCT NOV DEC JAN. FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC. 



MAY 1937 



13 



Millions of Dollars 



VIII— EXTERNAL TRADE: MERCHANDISE EXPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Merchandise 


Non-Monetary Gold 


Total Exports 
including Non- 
Monetary Gold 

(Adjusted for 

changes in 

earmarked 

Gold) 




TO 


Total 

Merchandise 


TO 


Net Gold 
Earmarked 




U.K. 


Other 

British 


U.S.A. 


Other 
Foreign 


U.K. 


U.S.A. 


Calendar Year Totals 




















1926 


459 


96 


458 


248 


1261 


- 


14 


- 


1275 


1929 


290 


105 


493 


264 


1152 


- 


36 


- 


1188 


1930 


235 


81 


374 


174 


864 


- 


22 


- 


886 


1931 


171 


49 


240 


128 


588 


1 


42 


- 


631 


1932 


178 


39 


159 


114 


490 


- 


61 


- 


551 


1933 


211 


44 


168 


106 


529 


54 


25 


- 


608 


1934 


270 


65 


219 


95 


649 


27 


83 


- 


759 


1935 


303 


74 


262 


86 


725 


11 


106 


- 


842 


1936 


395 


84 


334 


125 


938 


12 


73 


47 


1070 


12 Months Ending 




















Mar. 1937 


406 


88 


354 


130 


978 


2 


82 


45 


1107 


Monthly Totals 




















1936— Mar. 


26.8 


8.9 


26.4 


9.5 


71.6 


3.8 


1.8 


3.1 


80.3 


Apr. 


14.5 


4.7 


20.5 


5.8 


45.5 


0.8 


11.1 


- 


57.4 


May 


33.2 


6.6 


26.1 


14.4 


80.3 


1.0 


2.4 


5.2 


88.9 


June 


33.3 


7.3 


25.9 


12.1 


78.6 


- 


1.4 


10.3 


90.3 


July 


37.4 


6.9 


29.1 


10.0 


83.4 


0.4 


0.4 


8.3 


92.5 


Aug. 


30.9 


7.7 


33.3 


9.5 


81.4 


- 


11.1 


- 


92.5 


Sept. 


37.2 


7.1 


30.0 


9.5 


83.8 


- 


5.1 


5.2 


94.1 


Oct. 


47.8 


7.9 


33.7 


10.7 


100.1 


- 


10.9 


2.4 


113.4 


Nov. 


50.7 


8.5 


33.0 


15.2 


107.4 


- 


13.5 


- 


120.9 


Dec. 


37.3 


7.4 


35.0 


13.6 


93.3 


- 


4.7 


6.8 


104.8 


1937— Jan. 


30.3 


8.0 


28.1 


10.3 


76.7 


- 


5.6 


4.6 


86.9 


Feb. 


23.6 


6.4 


25.3 


8.7 


64.0 


- 


10.8 


- 


74.8 


Mar. 


30.0 


9.0 


33.9 


10.4 


83.3 


— 


5.0 


2.5 


90.8 



MILLIONS OF DOLLARS 



MERCHANDISE EXPORTS - excluding gold 

MONTHLY TOTALS 



135 



105 



75 



45 







TOTAL 




v ~> 


1 Z* 5 ^ 






y 


\ /W-1936 







MILLIONS OF DOLLARS 

55 





JAN FEB MAR. APR. MAY JUNE JULY AUG SEPT. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. OCT NOV. DEC. 



14 



MAY 1937 



IX— WHOLESALE COMMODITY PRICES 

1926 = 100 

CANADA 

Dominion Bureau of Statistics 





Farm 
Products 


Raw 

Materials 


Foods 


Manu- 
factures 


Total 


Average of Months 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


70.1 


70.8 


73.4 


73.7 


74.6 


Monthly 












1936— Apr. 


65.0 


66.8 


70.3 


72.2 


72.2 


May 


64.8 


66.2 


79.1 


71.7 


71.8 


June 


64.5 


66.6- 


71.2 


71.9 


72.3 


July 


66.3 


69.7 


73.3 


73.3 


74.4 


Aug. 


73.3 


73.0 


75.6 


74.8 


76.2 


Sept. 


74.4 


73.9 


75.6 


75.1 


76.4 


Oct. 


76.3 


75.2 


76.4 


75.4 


77.1 


Nov. 


77.1 


75.8 


76.2 


75.5 


77.2 


Dec. 


82.4 


79.3 


77.4 


77.3 


79.7 


1937— Jan. 


86.0 


82.4 


79.4 


78.4 


81.3 


Feb. 


87.0 


83.8 


79.7 


78.8 


82.9 


Mar. 


90.0 


86.8 


79.4 


79.7 


85.5 


Apr. 


91.4 


87.5 


80.7 


80.5 


86.1 



U.S.A. 

Bureau of Labour 



Farm 
Products 


Raw 

Materials 


Foods 


Manu-(i) 
factures 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


72.1 


82.0 


80.8 


76.9 


77.0 


80.2 


81.6 


79.7 


75.2 


75.8 


78.0 


80.5 


78.6 


78.1 


77.6 


79.9 


80.7 


79.2 


81.3 


79.8 


81.4 


81.6 


80.5 


83.8 


81.5 


83.1 


82.4 


81.6 


84.0 


81.8 


83.3 


82.3 


81.6 


84.0 


82.1 


82.6 


82.0 


81.5 


s:».l 


83.1 


83.9 


82.6 


82.4 


88.5 


85.6 


85.5 


83.8 


84.2 


91.3 


88.1 


87.1 


84.9 


85.9 


91.4 


88.3 


87.0 


85.4 


86.3 


94.1 


90.1 


87.5 


86.4 


87.8 



(U Bureau of Labour Index of Finished Products. 



1926 = 100 

95 



WHOLESALE PRICE INDEXES CANADA AND UNITED STATES 

MONTHLY FIGURES 




1926= 100 

95 



AMJJASONDJFMA AMJJASONDJFMA 

1936 1937 1936 1937 



95 



85 



75 



65 





RAW MATERIALS 
USA -a 






CANADA — «^ 




i r 




| 


1 ! 1 




AMJJASONDJFMA AMJJASONDJFMA 

1936 1937 1936 1937 



MAY 1937 



15 



Dollars 



IX— WHOLESALE COMMODITY PRICES 
CHIEF COMMODITIES 

Dominion Bureau of Statistics 





Wheat 


Flour 


Newsprint 


Lumber 


Copper 


Steel 


Cotton 


Sugar 


Coal 




No. 1 

Northern 


Manitoba 
First 


f.o.b. 


Fir 
Flooring 


Electrolytic 


Billets 
f.o.b. 


Raw 
Middling 


Granulated 


Bituminous 




Lake-head 
Ports 


Patent 

Montreal 


Mills (I) 


B.C. Mills 


Montreal 


Plant 


Hamilton 


Montreal 


Nova Scotia 




bushel 


barrel 


short ton 


M. bd. ft. 


cwt. 


long ton 


pound 


cwt. 


short ton 


Annual Average 




















1926 


1.495 


8.82 


65.00 


26.00 


15.767 


38.00 


.194 


5.958 


6.083 


1929 


1.343 


7.93 


55.00 


24.75 


19.978 


36.00 


.199 


5.188 


6.000 


1932 


0.556 


4.81 


50.20 


14.46 


7.516 


34.00 


.085 


4.378 


5.813 


1935 


0.844 


5.43 


33.40 


15.13 


8.488 


34.00 


.138 


4.832 


5.250 


1936 


0.937 


6.08 


34.23 


22.21 


10.070 


34.17 


.141 


4.626 


5.250 


Monthly 




















1936— Apr. 


0.805 


5.50 


34.40 


23.00 


9.760 


34.00 


.138 


4.610 


5.250 


May 


0.768 


5.30 


34.20 


23.00 


9.748 


34.00 


.136 


4.610 


5.250 


June 


0.795 


5.20 


34.40 


23.00 


9.721 


34.00 


.140 


4.610 


5.250 


July 


0.934 


6.00 


34.20 


23.00 


9.843 


34.00 


.155 


4.610 


5.250 


Aug. 


1.022 


6.40 


34.20 


23.00 


10.117 


34.00 


.143 


4.610 


5.250 


Sept. 


1.039 


6.40 


34.20 


21.50 


10.302 


34.00 


.143 


4.610 


5.250 


Oct. 


1.109 


7.00 


34.20 


20.50 


10.448 


34.00 


.142 


4.610 


5.250 


Nov. 


1.084 


6.60 


34.20 


19.50 


11.000 


34.00 


.140 


4.610 


5.250 


Dec. 


1.202 


7.50 


34.20 


24.00 


11.550 


36.00 


.147 


4.610 


5.250 


1937— Jan. 


1.247 


7.50 


36.20 


27.00 


12.970 


36.00 


.150 


4.800 


5.250 


Feb. 


1.270 


7.60 


36.20 


27.00 


14.618 


38.00 


.153 


4.800 


5.250 


Mar. 


1.357 


7.90 


36.20 


32.25 


17.338 


42.00 


.167 


4.990 


5.250 


Apr. 


1.389 


7.50 


36.06 


32.25 


15.538 


42.00 


.161 


4.990 


5.250 



(1) Canadian Currency. 



WHOLESALE COMMODITY PRICES 








MONTHLY 










wheat'— 




1 








' 


£ 







150 



100c 




1926 27 "28 '29 "30 "31 "32 '33 '34 '35 '36 F MA M J J AS ON D J F M A M J J A S ON D J F M A M J 

1935 1936 1937 

CDNOI NORTHERN CASH PRICE FORT WILLIAM AND PORT ARTHUR. C2) ELECTROLYTIC, MONTREAL. 



16 



MAY 1937 



Millions of Kilowatt Hours 



X— ELECTRIC POWER PRODUCTION 

Dominion Bureau of Statistics and Bank of Canada 





Output of Central Electric Stations 


Exports 


Deliveries 

to 
Electric 


Losses 

{Estimated) 


Firm 
Power 
Consump- 
tion 




Generated 
by 


Generated 
by 


Total 




Water 


Fuel 






Boilers 




(Estimated) 


Daily Average 
















1926 


32.6 


0.5 


33.1 


4.1 


2.7 


4.3 


22.0 


1929 


48.5 


0.7 


49.2 


4.0 


5.9 


6.8 


32.5 


1932 


43.0 


0.9 


43.9 


1.8 


7.8 


6.3 


28.0 


1935 


63.0 


1.1 


64.1 


3.7 


17.0 


9.1 


34.3 


1936 


68.4 


1.2 


69.6 


4.3 


18.9 


9.8 


36.6 


1936— Apr. 


71.1 


1.0 


72.1 


4.2 


22.8 


10.2 


34.9 


May 


66.1 


1.1 


67.2 


4.2 


18.7 


9.5 


34.8 


June 


66.4 


1.2 


67.6 


5.3 


17.2 


9.4 


35.7 


July 


64.2 


1.0 


65.2 


5.1 


16.3 


9.0 


34.8 


Aug. 


64.0 


1.2 


65.2 


4.6 


15.8 


9.1 


35.7 


Sept. 


66.8 


1.3 


68.1 


4.2 


16.6 


9.6 


37.7 


Oct. 


75.4 


1.4 


76.8 


4.2 


19.9 


10.9 


41.8 


Nov. 


74.0 


1.4 


75.4 


4.2 


21.8 


10.7 


38.7 


Dec. 


73.7 


1.3 


75.0 


4.1 


21.3 


10.6 


39.0 


1937— Jan. 


73.5 


1.3 


74.8 


4.4 


22.6 


10.6 


37.2 


Feb. 


75.3 


1.4 


76.7 


4.9 


23.7 


10.8 


37.3 


Mar. 


76.5 


1.3 


77.8 


5.6 


22.8 


10.8 


38.6 


Apr. 


76.2 


1.2 


77.4 


5.5 


21.6 


10.8 


39.5 



OUTPUT OF CENTRAL ELECTRIC STATIONS 



MILLIONS OF KILOWATT HOURS 

90 



DAILY AVERAGE FIGURES 




DELIVERIES TO ELECTRIC BOILERS 



MILLIONS OF KILOWATT HOURS 

30 



s!232' 



£ \ 



»ar 



A 



t t 



***•! 



/ 



25 



20 



15 



6 5 



55 



45 



35 





E 


XPORTS 




A* 


11937 ( 

1936 -»■# 


X 




-S 


-*- 


mart 


f 




> 











FIRM POW 


:r consumption 

STIMATEO) 


A 


_^*^ 


-1937 


1936 — ^ 


r 








Ml KM 


W 


*v^ 











45 



40 



35 



JAN. FEB MAR APR, MAY JUNE JULY AUG. SEPT. OCT NOV. DEC. JAN FEB MAR. APR. MAY JUNE JULY AUG SEPT OCT NOV DEC 



30 



MAY 1937 



17 



Millions of Dollars 



XI— CONSTRUCTION CONTRACTS AWARDED 

Compiled from MacLean Building Reports Limited 





Private Contracts 


Public 

Contracts 
Awarded 


Total 
Con- 
tracts 


Distribution by Areas 




Resi- 
dential 


Industrial 


Business 


Engin- 
eering 


Total 
Private 


Maritime 


Que. 


Ont. 


Western 


Calendar Year Totals 
























1926 


109.6 


79.7 


74.3 


25.0 


288.6 


84.3 


372.9 


8.4 


151.9 


141.9 


70.7 


1929 


128.9 


63.0 


130.8 


99.4 


422.1 


154.6 


576.7 


20.2 


187.8 


215.8 


152.9 


1933 


23.9 


9.1 


14.2 


9.0 


56.2 


41.1 


97.3 


7.2 


32.5 


42.6 


15.0 


1935 


36.4 


10.3 


18.1 


22.1 


86.9 


73.4 


160.3 


14.4 


44.5 


70.9 


30.5 


1936 


42.9 


15.0 


21.7 


29.9 


109.5 


53.1 


162.6 


17.9 


45.7 


72.4 


26.6 


12 Months Ending 
























Apr.— 1937 


50.5 


17.4 


26.1 


17.2 


111.2 


65.3 


176.5 


24.3 


43.6 


81.6 


27.0 


Monthly Totals 
























1936— Feb. 


1.1 


0.2 


1.7 


4.4 


7.4 


0.8 


8.2 


0.2 


3.7 


3.4 


0.9 


Mar. 


2.1 


1.2 


1.5 


4.6 


9.4 


0.9 


10.3 


0.3 


3.7 


4.4 


1.9 


Apr. 


3.7 


0.6 


2.2 


2.3 


8.8 


1.0 


9.8 


0.4 


3.4 


4.5 


1.5 


1937— Feb. 


3.0 


2.0 


2.1 


0.8 


7.9 


0.8 


8.7 


1.2 


2.7 


4.1 


0.7 


Mar. 


3.7 


2.1 


3.5 


2.6 


11.9 


4.2 


16.1 


0.6 


3.9 


8.9 


2.7 


Apr. 


6.4 


3.0 


3.2 


1.0 


13.6 


10.8 


24.4 


5.1 


4.5 


11.4 


3.4 



CONSTRUCTION CONTRACTS AWARDED 



MILLIONS Or DOLLARS 



MILLIONS OF DOLLARS 




r 

1* 



£> 



TATISTICAL SUMMARY 



ANK OF CANADA 




t*g 



JUNE 1937 



TABLE OF CONTENTS 



I Bank of Canada ......... 

II Chartered Banks ........ 

III Security Prices: 

1. Govt. Securities, Payable in Canada Only 

2. Govt. Securities Payable Abroad: Canada, U.K., and U.S.A. 

IV Public Finance: 

Old Age Pensions and Mothers' Allowances 

V Stock Exchange Statistics ....... 

VI Industrial Activity ........ 

VII Retail Commodity Prices ....... 

VIII Wholesale Commodity Prices: 

Canada, U.K., and U.S.A 

IX Foreign Exchange Rates ....... 

X External Trade: 

1. Imports: Value by Commodities ..... 

2. Exports: Value by Commodities ..... 

XI Agricultural Production ....... 

XII Wheat: Average Yields per Acre ..... 



Tables 
Page 


Charts 
Page 


2-3 


1-3 


4-5 


4-5 


6 


6 


7 


7 


8 


- 


9 


9 


10 


10 


11 


11 


12 


12 


13 


13 


14 


14 


15 


15 


1G 


16 


17 


17 



Note: Tables and charts refer to Canada unless otherwise stated. 

Subscription $3.00 a year, post-free. For particulars apply to the Research Department, Bank of Canada, 
Ottawa. 



JUNE 1937 



BANK OF CANADA 



SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 

400 




MILLIONS OF DOLLARS 

400 







B/ 


WK OF CANADA AS 

OTHER ASSETS 1 


SETS 


















X SECURITIES V) 

\XXXXXXXX/ 




\/\ 


ww\ 


\X/kxXx><xX>< 


§g RESERVE 























350 



300 



25D 



200 



150 



100 



50 



1937 



1935 



1936 



1937 



Millions of Dollars 



JUNE 1937 

I— BAIg 



Average of 
Wednesday Figures 

1935- 9 Mths. 
1936-12 Mths. 

1936— May 
June 

July 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 

1937— Jan. 
Feb. 
Mar. 
Apr. 
May 

Wednesdays 

June— 2 

9 

16 

23 



LIABILITIES 



Chartered Bank Cash 



Notes 
in Tills 



37.2 
40.5 

36.7 
36.9 
39.1 
38.9 
45.6 
50.0 
47.9 
46.2 

52.1 
44.0 
42.5 
46.5 
46.4 

45.1 (1) 
45.2 (l) 
47.0 (1) 
46.5 (1) 



Deposits 

at 
B. of C. 



176.5 
184.7 

187.1 
186.9 
186.6 
184.6 
172.6 
177.5 
199.1 
192.0 

190.3 

194.5 
195.8 
191.7 
193.4 

190.6 
192.5 
186.6 
191.9 



Total 



213.7 
225.2 

223.8 
223.8 
225.7 
223.5 
218.2 
227.5 
247.0 
238.2 

242.4 
238.5 
238.3 
238.2 
239.8 

235.7" 
237.7 (1> 
233.6" 
238.4" 



Govt. 
Deposits 



23.9 
22.5 

25.8 
25.5 
16.2 
23.6 
16.1 
16.2 
20.8 
24.1 

22.1 
34.6 
29.7 
31.2 
22.0 

21.1 

21.8 

22.7 
18.8 



Other 
Deposits 



0.7 
1.0 

0.9 
1.1 
0.6 
0.8 
0.4 
0.2 
0.7 
2.1 

2.0 
1.0 
1.6 
1.2 
1.0 

0.9 
0.6 
0.4 
0.7 



Active 

B. of C. 

Note 

Circulation 



48.9 
64.0 

55.2 
57.5 
60.7 
64.0 
75.0 
80.7 
80.9 
83.5 

77.9 
76.2 
80.2 
82.4 
84.5 

86.6 (1) 

86. 2 C " 
84.9 (I) 
84. 7 ( " 



All 

Other 

Accounts 



6.8 
9.3 

7.4 

7.8 

7.3 

8.5 

11.6 

13.5 

16.2 

14.1 

12.6 
12.4 
14.1 
12.4 
13.0 

15.0 
13.0 
12.8 
12.7 



Total 
Asset I 
or 
Liabilit 



294.C 
322.C 

313.1 
315.7 
310.= 

320.4 
321.; 
338=1 
365.( 
362.( 

357.( 
362.i 
363.J 
365.4 
360.: 

359.- 
359.: 
354.' 
355.: 



(1) Estimates. 



(2) Includes "Other Securities". 



C> 



SOURCES 1 



CI 

Department of Fin I 



MILLIONS OF DOLLARS 

400 




1927 



1929 



1932 



1933 



1934 



MILLIONS OF DOLLARS 

400 



MONTHLY AVERAGE 
OF WEDNESDAY FIGURES 

(SEE PACE II 




300 



200 



100 



1935 



* Statutory decreases in chartered bank note circulation since establishment of the Bank of Canada render the graph of 
the years 1935-37 not wholly comparable with that of previous years. 



JUNE 1937 
f CANADA 



Millions of Dollars 



ASSETS 








Reserve 








Securities 




Advances 


All 

Other 

Accounts 




Sold 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total' 2 ' 
























Average of 
Wednesday Figures 


54.6 


1.4 


10.3 


166.3 


57.90 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9Mths. 


79.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.3 


1.7 


4.1 


1936-12Mths. 


79.8 


1.7 


13.3 


194.8 


63.72 


29.9 


81.3 


111.2 


2.0 


5.1 


May— 1936 


79.9 


1.7 


15.8 


197.4 


64.11 


28.5 


82.7 


111.2 


3.2 


3.9 


June 


79.8 


1.8 


10.3 


191.9 


63.29 


30.0 


82.0 


112.0 


3.0 


3.6 


July 


79.4 


1.8 


18.9 


200.1 


64.16 


31.3 


80.4 


111.7 


3.0 


5.6 


Aug. 


79.4 


1.9 


5.3 


186.6 


60.25 


42.3 


86.3 


128.6 


3.0 


3.1 


Sept. 


79.4 


1.9 


5.1 


186.4 


57.42 


51.8 


93.7 


145.5 


3.0 


3.2 


Oct. 


79.2 


2.0 


12.3 


193.5 


55.38 


63.0 


100.7 


163.7 


1.0 


7.4 


Nov. 


79.3 


2.0 


14.6 


195.9 


56.31 


62.2 


99.5 


161.7 


- 


4.4 


Dec. 


79.5 


2.3 


11.7 


193.5 


56.18 


61.7 


98.0 


159.7 


- 


3.8 


Jan.— 1937 


79.5 


2.3 


14.7 


196.5 


56.09 


58.7 


102.9 


161.6 


- 


4.6 


Feb. 


83.2 


2.3 


18.6 


204.1 


58.35 


51.8 


101.8 


153.6 


- 


6.2 


Mar. 


90.8 


2.4 


16.1 


209.3 


59.29 


50.5 


101.7 


152.2 


- 


3.9 


Apr. 


88.2 


2.4 


14.1 


204.7 


58.94 


47.7 


101.3 


149.0 


— 


6.6 


May 

Wednesdays 


87.4 


2.4 


17.6 


207.4 


60.22 


44.3 


103.2 


147.5 


— 


4.4 


June— 2 


84. 1 


2.5 


22.8 


209.4 


60.45 


42.4 


102.7 


145.1 


- 


4.8 


9 


83.5 


2.5 


22.5 


208.5 


61.05 


38.9 


98.5 


142.4 


- 


3.5 


16 


81.1 


2.5 


28.6 


212.2 


61.95 


35.9 


98.4 


139.3 


- 


3.8 


23 



DA 

I Bank of Canada 



DISTRIBUTION 1 



MILLIONS OF DOLLARS 

100 



MILLIONS OF DOLLARS 

(00 




"' «v^ C ~ T " ™ E f ROp - M ° VINC 5 «S° N DURINC WHICH CHAPTERED BANKS WERE PERMITTED To EXPAND THEIR NOTE CIRCULATE 

BY 15 •/.> Of THEIR COMBINED CAPITAL AND RESERVE FUNDS 
<2> SEE PACE I 



Millions of Dollars 



JUNE 1937 

II— CHAR j 

BoniM 





LIABILITIES 






Notes 


Deposits 


Cash 
in 


Securities 








Dom. 


Canauian 




Total 


DOM.-PROV. 








Demand 


Time 


and Prpv. 


Deposits ' 


Foreign 


Deposits"' 


Canada 01 




Oti 




Short Long 


Average of 






















Month-end Figures 


















1 




1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


IS 


1927 


172 


596 


1,399 


71 


2,079 


349 


2,479 


195 


325 


IS 


1928 


177 


678 


1,497 


64 


2,254 


372 


2,703 


205 


334 


IS 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


15 


1930 


159 


623 


1,428 


76 


2,141 


390 


2,607 


197 


316 


IS 


1931 


142 


579 


1,438 


73 


2,103 


333 


2,503 


182 


454 


22 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


2C 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


2i 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


tt 


1935 


126 


569 


1,445 


65 


2,108 


348 


2,476 


216 


407 


454 


\> 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


2." 


End of 
























1936— May 


123 


578 


1,527 


88 


2,226 


391 


2,633 


219 


493 


588 


2( 


June 


123 


622 


1,505 


80 


2,244 


389 


2,656 


224 


405 


680 


21 


July 


119 


619 


1,494 


62 


2,210 


376 


2,606 


222 


409 


679 


2( 


Aug. 


124 


626 


1,503 


46 


2,209 


428 


2,657 


219 


403 


680 


% 


Sept. 


116 


648 


1,501 


114 


2,301 


406 


2,727 


221 


394 


713 


Z 


Oct. 


118 


664 


1,510 


86 


2,291 


409 


2,723 


227 


462 


635 


2( 


Nov. 


116 


680 


1,547 


42 


2,300 


.415 


2,734 


259 


425 


633 


2! 


Dec. 


109 


682 


1,548 


72 


2,323 


418 


2,773 


235 


469 


647 


2( 


1937— Jan. 


109 


644 


1,549 


137 


2,283 


406 


2,788 


241 


470 


639 


31 


Feb. 


114 


656 


1,564 


150 


2,319 


421 


2,843 


233 


476 


647 


2< 


Mar. 


113 


711 


1,584 


75 


2,393 


424 


2,853 


237 


482 


653 


2! 


Apr. 


111 


732 


1,583 


67 


2,420 


418 • 


2,865 


240 


477 


660 


31 


May 


110 


700 


1,573 


99 


2,410 


420 


2,854 


234 


489 


643 


31 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 



CHARTERED BANKS : CURRENT LOANS TO THE PUBLIC IN CANADA 



MILLIONS OF DOLLARS 

1600 



1400 



MONTH- END FIGURES 



MILLIONS OF DOLLARS 



1200 




1000, 



1926 1927 1926 1929 1930 1931 

(|> AVERAGE DURING YCAftS 1926-35 ON JULY 1930 BA3C 



1932 



1933 1934 



1936 



1940 



JUNE 1937 



ida 














ASSETS 




Loans 






CANADA 


ABROAD 


Total 
Assets 


\>tal 


Call 


Current 


Current 


Call 


Current 






Public 


Other 








533 


140 


934 


87 


250 


261 


2,864 


521 


186 


1,024 


83 


269 


269 


3,029 


522 


254 


1,178 


105 


267 


262 


3,323 


499 


267 


1,343 


112 


301 


248 


3,528 


472 


227 


1,286 


118 


188 


239 


3,237 


674 


170 


1,124 


147 


109 


205 


3,066 


696 


117 


1,032 


165 


84 


172 


2,869 


841 


102 


907 


147 


92 


148 


2,831 


867 


102 


869 


145 


107 


138 


2,838 


,044 


82 


829 


134 


72 


146 


2,957 


,331 


93 


699 


121 


64 


150 


3,145 


,345 


87 


700 


128 


58 


145 


3,108 


,368 


91 


657 


120 


64 


150 


3,135 


,357 


91 


650 


119 


58 


147 


3,084 


,355 


91 


657 


118 


59 


155 


3,141 


,380 


105 


688 


119 


60 


156 


3,205 


,363 


109 


708 


108 


66 


160 


3,202 


,316 


116 


693 


108 


75 


156 


3,206 


,384 


114 


675 


115 


75 


162 


3,242 


,412 


119 


687 


109 


72 


162 


3,262 


,422 


119 


692 


113 


68 


168 


3,329 


,427 


124 


694 


120 


76 


172 


3,337 


,440 


121 


710 


125 


72 


168 


3,347 


,438 


117 


728 


125 


77 


161 


3,334 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




in 
Canada ' 


Deposits* 4 ' 


Deposits in 
Canada 


Note 
Circulation' 51 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


187 


2,079 


9.0 


198 


1927 


193 


2,254 


8.5 


204 


1928 


191 


2,293 


8.3 


205 


1929 


176 


2,141 


8.2 


185 


1930 


169 


2,103 


8.1 


167 


1931 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


223 


2,228 


10.0 


175 


May— 1936 


224 


2,203 


10.2 


176 


June 


225 


2,188 


10.3 


178 


July 


221 


2,179 


10.2 


184 


Aug. 


219 


2,237 


9.8 


195 


Sept. 


227 


2,267 


10.0 


197 


Oct. 


247 


2,274 


10.9 


194 


Nov. 


238 


2,285 


10.4 


200 


Dec. 


240 


2,302 


10.4 


182 


Jan.— 1937 


238 


2,301 


10.3 


184 


Feb. 


238 


2,347 


10.1 


191 


Mar. 


236 


2,364 


10.0 


193 


Apr. 


239 


2,383 


10.0 


195 


May 



Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
Chartered Bank note circulation and Bank of Canada notes in public circulation. 



CHARTERED BANKS ■ CALL LOANS ABROAD 



MILLIONS OF DOLLARS 



PER CENT 




JUNE 1937 



III— SECURITY PRICES 

Bank of Canada 



Dominion of Canada Bonds Payable in Canada Only 
Middle Prices and Yields 





Wi% due Nov. 1, 
1948-58 


3% due June 1, 
1950-55 


5% due Oct. 15, 
1943 


2Y 2 % due June 1, 
1943 


2% due Nov. 15, 
1939 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Average of working 
days 






















1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


101.91 


1.40 


1936— May 


110.45 


3.46 


99.15 


3.06 


114.63 


2.80 


102.64 


2.09 


101.65 


1.52 


June 


111.59 


3.35 


99.61 


3.03 


115.36 


2.68 


103.03 


2.03 


102.05 


1.38 


July 


112.43 


3.27 


101.07 


2.91 


115.95 


2.57 


103.30 


1.98 


102.43 


1.25 


Aug. 


113.54 


3.16 


102.43 


2.79 


116.52 


2.47 


103.76 


1.91 


102.84 


1.10 


Sept. 


113.71 


3.13 


101.59 


2.86 


116.55 


2.44 


103.89 


1.88 


102.89 


1.07 


Oct. 


111.88 


3.30 


100.01 


3.00 


114.28 


2.74 


102.56 


2.09 


102.24 


1.26 


Nov. 


112.30 


3.25 


100.49 


2.96 


114.47 


2.69 


101.97 


2.18 


102.01 


1.31 


Dec. 


112.81 


3.20 


101.21 


2.89 


114.88 


2.61 


102.45 


2.09 


102.01 


1.30 


1937— Jan. 


112.39 


3.23 


100.47 


2.96 


114.20 


2.69 


102.15 


2.14 


101.82 


1.34 


Feb. 


110.27 


3.43 


98.38 


3.12 


112.11 


2.98 


101.44 


2.25 


101.38 


1.49 


Mar. 


108.12 


3.64 


95.80 


3.32 


110.91 


3.15 


100.85 


2.35 


101.51 


1.42 


Apr. 


107.78 


3.67 


95.49 


3.33 


111.20 


3.09 


100.47 


2.42 


101.71 


1.32 


May 


108.96 


3.54 


95.62 


3.32 


111.69 


2.98 


100.57 


2.40 


101.53 


1.38 


June 1-15 


109.91 


3.44 


96.23 


3.28 


112.32 


2.86 


101.21 


2.28 


101.63 


1.31 



275% 



300% 



325% 



350% 



3.75% 



400% 



DOMINION OF CANADA BOND YIELDS * 

MONTHLY AVERAGE OF WORKING DAYS 




2.75% 



3.00% 



325% 



350% 



3.75% 



4.00% 



* To show relative price movements during the period selected it was necessary to use bonds 



JUNE 1937 



III— SECURITY PRICES 

Bank of Canada 



Government Bonds Payable Elsewhere Than in Canada 
Middle Prices and Yields 





Dominion of Canada 


U.S. Treasury 


United Kingdom 


Domir 


ion Guaranteed C.N.R. 




3^%due 


Jan. 15, 


3M% due 


May 1, 


2>^%due 


Mar.15, 


33^% due Dec. 1, 


4^% due Feb. 1, 


±y*% due July 1, 




1956-61 


1950-55 <» 


1955-60< 2 > 


1952 and 


after* 1 ' 


1956 


1957 




Payable in 


^lew York 


Payable in 


London 


Domestic 


Domestic 


Canada, 
New York or London 


Canada or 


Slew York 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


r> • (3) 
Price 


Yield 


Average of 
Working Days 

1936 


101.51 


3.15 


102.43 


3.03 


102.25 


2.72 


106.02 


3.03 


114.96 


3.44 


113.29 


3.59 


1936— May 


100.89 


3.19 


102.27 


3.05 


102.09 


2.73 


106.01 


3.03 


114.28 


3.49 


111.97 


3.68 


June 


101.06 


3.18 


100.86 


3.17 


102.02 


2.74 


105.52 


3.07 


116.13 


3.37 


113.64 


3.57 


July 


101.73 


3.13 


100.52 


3.20 


102.23 


2.72 


105.88 


3.04 


116.16 


3.37 


114.18 


3.54 


Aug. 


103.09 


3.04 


101.84 


3.08 


102.82 


2.68 


106.11 


3.02 


116.93 


3.31 


115.40 


3.46 


Sept. 


103.22 


3.03 


103.20 


2.96 


103.05 


2.67 


106.42 


3.00 


117.15 


3.29 


116.08 


3.41 


Oct. 


102.45 


3.08 


103.26 


2.95 


102.73 


2.69 


106.61 


2.98 


114.77 


3.45 


114.02 


3.54 


Nov. 


103.36 


3.02 


102.85 


2.99 


103.97 


2.60 


106.66 


2.97 


115.26 


3.41 


114.31 


3.52 


Dec. 


103.39 


3.02 


102.38 


3.03 


104.10 


2.59 


105.51 


3.07 


116.02 


3.36 


115.15 


3.46 


1937— Jan. 


102.12 


3.10 


101.96 


3.07 


104.50 


2.56 


104.62 


3.13 


115.50 


3.39 


114.94 


3.47 


Feb. 


100.43 


3.22 


99.84 


3.26 


104.61 


2.55 


102.29 


3.31 


112.96 


3.55 


112.49 


3.63 


Mar. 


98.70 


3.33 


99.54 


3.28 


103.16 


2.65 


101.30 


3.39 


111.27 


3.67 


110.84 


3.73 


Apr. 


97.97 


3.38 


100.41 


3.21 


100.20 


2.86 


101.80 


3.35 


110.89 


3.69 


110.34 


3.76 


May 


99.06 


3.31 


100.55 


3.20 


100.61 


2.83 


102.01 


3.33 


112.37 


3.59 


111.37 


3.69 


June 1-15 


99.46 


3.28 


99.65 


3.27 


100.58 


2.83 


101.11 


3.41 


113.67 


3.50 


112.34 


3.63 



(1) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

(2) Exempt from Federal Income and certain State taxes. (3) Price in Toronto. 



245% 



DOMESTIC GOVERNMENT BOND YIELDS ' 

MONTHLY AVERAGE OF WORKING DAYS 



275% 



3.05% 



335% 



3.65% 
395% 



-—.»-% 



^ 



.**"—* 



.^\ 






U.S. TREASURY 

3<*> QUE SEPT 15.1951 -55 ' 



UNITED KINGDOM 
3/ , ,'*>'wa r loan" due dec 1. 1 952 and after 




ent coupon rates, and this does, of course, invalidate any direct comparison of absolute yield levels. 



2.45% 



275% 



3.05% 



335% 



3.65% 



3.95% 



JUNE 1937 



IV— PUBLIC FINANCE 

Compiled from Provincial Public Accounts, and Dominion Public Accounts and Dept. of Labour Gazette 

Thousands of Dollars 
GOVERNMENT EXPENDITURE ON OLD AGE PENSIONS* 



Calendar 


PRINCE EDWARD ISLAND 


NOVA SCOTIA 


ONTARIO 


MANITOBA 


Ycar(a) 


By Dom. 


By Prov. 


Total 


By Dom. 


By Prov. 


Total 


By Dom. 


By Prov. 


By Muns. 


Total 


By Dom. 


By Prov. 


OA 


Total 


1927 






























1928 


— 


— 


— 


- 


- 


- 


— 


- 


— 


— 


290 


315 


300 


605 


1929 


— 


— 


— 


- 


— 


- 


- 


13 


— 


13 


591 


610 


631 


1,201 


1930 


- 


- 


- 


- 


- 


- 


2,609 


2,950 


1,045 


6,604 


674 


709 


255 


1,383 


1931 


— 


— 


— 


— 


— 


— 


4,249 


3,003 


1,511 


8,763 


999 


624 


266 


1,623 


1932 


— 


1 


1 


- 


- 


- 


6,421 


1,752 


965 


9,138 


1 ,375 


486 


110 


1,861 


1933 


45 


20 


65 


- 


- 


- 


6,993 


1,545 


853 


9,391 


1 ,533 


540 


395 


2,073 


1934 


124 


49 


173 


765 


351 


1,116 


7,298 


1 ,838 


881 


10,017 


1 ,669 


590 


380 


2,259 


1935 


143 


55 


198 


1,598 


614 (a) 


2,212 


8,677 


1,453 


1,127 


11,257 


1,808 


640 


274 


2,448 




SASKATCHEWAN 


ALBERTA 


BRITISH COLUMBIA 


ALL PROVINCES 




By Dom. 


By Prov. 


Total 


By Dom. 


By Prov. 


By 

Muns. <d> 


Total 


By Dom. 


By Prov. 


Total 


By Dom. 


By Prov. 


By Muns. 


Total 


1927 
















131 


140 


271 


131 


140 




271 


1928 


191 


294 


485 


— 


— 


- 


— 


399 


399 


798 


880 


1 ,008 


— 


1,888 


1929 


514 


487 


1,001 


63 


232 


9 


304 


494 


474 


968 


1,662 


1,816 


9 


3,487 


1930 


644 


708 


1,352 


320 


322 


51 


693 


607 


562 


1,169 


4,854 


5,251 


1,096 


11,201 


1931 


1,058 


684 


1,742 


461 


459 


36 


956 


870 


513 


1,383 


7,637 


5,283 


1 ,547 


14,467 


1932 


1,313 


505 


1,818 


795 


205 


128 


1,128 


1,177 


375 


1,552 


11,081 


3,324 


1,093 


15,498 


1933 


1,338 


523 


1,861 


905 


280 


97 


1,282 


1,304 


409 


1,713 


12,118 


3,317 


950 


16,385 


1934 


1,470 


562 


2,032 


1,038 


296 


130 


1,464 


1,478 


454 


1,932 


13,842 


4,140 


1,011 


18,993 


1935 


1,597 


630 


2,227 


1,185 


365 


97 


1,647 


1,673 


510 


2,183 


16,681 


4,267 


1,224 


22,172 









GOVERNMENT EXPENDITURE ON MOTHERS' ALLOWANCES 


* 










N.S. 

By 

Prov. 


ONTARIO 


MANITOBA 


SASK. 

By 

Prov. 


ALBERTA 


BRITISH COLUMBIA 


ALL 


PROVINCES 


Year (a) 


By Prov. 


By Muns. 


Total 


By 
Prov. 


(4) 


By 
Prov. 


By 

Muns. (d) 


Total 


By 

Prov. 


By 

Muns. 


Total 


By Prov. 


By Muns. 


Total 


1916 













7 


_ 


_ 


— 


_ 


_ 


_ 


_ 


_ 


7 





7 


1917 


- 


— 


— 


— 


56 


14 


- 


- 


- 


- 


- 


- 


- 


56 


— 


56 


1918 


— 


— 


— 


— 


95 


25 


21 (0 


- 


- 


- 


- 


- 


- 


116 


— 


116 


1919 


- 


— 


— 


— 


208 


50 


61 <c) 


59 


7 


66 


- 


- 


- 


328 


7 


335 


1920 


- 


9 


- 


9 


363 


100 


134 <c) 


143 


47 


190 


290 


- 


290 


939 


47 


986 


1921 


_ 


570 


282 


852 


454 


149 


192 


157 


80 


237 


506 


- 


506 


1,879 


362 


2,241 


1922 


- 


823 


632 


1,455 


453 (a) 


261 


234 


183 


103 


286 


431 


- 


431 


2,124 


735 


2,859 


1923 


— 


897 


785 


1,682 


442 


221 


260 


155 


126 


281 


437 


- 


437 


2,191 


911 


3,102 


1924 


— 


959 


821 


1,780 


421 


223 


293 


190 


107 


297 


478 


- 


478 


2,341 


928 


3,269 


1925 


- 


1,042 


811 


1,853 


436 


253 


344 


183 


142 


325 


535 


- 


535 


2,540 


953 


3,493 


1926 


_ 


1,094 


856 


1,950 


450 


238 


368 


211 


146 


357 


571 


- 


571 


2,694 


1,002 


3,696 


1927 


— 


1,168 


913 


2,081 


511 


230 


404 


225 


167 


392 


629 


- 


629 


2,937 


1,080 


4,017 


1928 


— 


1,270 


998 


2,268 


592 


271 


446 


231 


180 


411 


695 


- 


695 


3,234 


1,178 


4,412 


1929 


— 


1,323 


1,062 


2,385 


558 


376 


550 


253 


192 


445 


778 


- 


778 


3,462 


1,254 


4,716 


1930 


- 


1,369 


1,085 


2,454 


543 


240 


581 


307 


214 


521 


835 


- 


835 


3,635 


1,299 


4,934 


1931 


333 


1,480 


1,181 


2,661 


532 


65 


544 


310 


211 


521 


864 


- 


864 


4,003 


1,392 


5,455 


1932 


348 


1,538 


1,235 


2,773 


481 


2 


438 


272 


198 


470 


497 


311 


808 


3,574 


1,744 


5,318 


1933 


358 


1,597 


1,286 


2,883 


489 


- 


443 


304 


165 


469 


500 


152 


652 


3,691 


1,603 


5,294 


1934 


371 


1,722 


1,386 


3,108 


489 


- 


473 


298 


104 


492 


399 


224 


623 


3,752 


1,804 


5,556 


1935 


374 (a) 


2,214 


1,813 


4,027 


491 


20 


505 


345 


188 


533 


449 


213 


662 


4,378 


2,214 


6,592 



* Administrative costs are included in the provincial share. For some provinces the cost of administering Mothers' Allowances is necessarily approximate, involving an 
arbitrary split of certain expenditures which are allocated to child welfare services collectively. 

(a) Figures are for provincial fiscal years and are shown opposite the nearest calendar year. Figures noted (a) are for fractional periods adjusted to a twelve month basis. 

(b) Proceeds of Manitoba Municipal Commissioner's Levies for Old Age Pensions and Mothers' Allowances respectively. Although these are provincial taxes they are levied 
upon municipalities on the basis of an equalized land assessment. The figures are here shown as memoranda only and are not included in any totals. 

(c) The Saskatchewan Mothers' Allowances Act, until amended in 1920, required contributions from municipalities. However the amounts of such contributions were not 
shown separately in the Public Accounts and were in any case small. 

(d) Approximate figures. 



JUNE 1937 



V— STOCK EXCHANGE STATISTICS 
TORONTO AND MONTREAL STOCK EXCHANGES"* 

Stock Exdiange Bulletins 





Member Borrowings 
on Canadian Collateral 


Market Value of 
All Listed Stocks 


Common Stock Prices 


Shares Traded during Month 




T.S.E. 


Indexes 


M.S.E. 


I ndexes 


Value 


Numbei 


End of 


Mil 


ions of Dollars 


Millions of Dollars 


July-Dec. 


1933 = 100 


1926 


= 100 


$Mm. 


Millions 




Toronto 


Montreal 


Total 


Toronto 


Montreal 


Total 


20 

Golds 


20 

Misc. Mines 


20 

Industrials 


10 

Utilities 


Toronto 


Toronto 


Montreal 


1936— Jan. 


27.6 


17.4 


45.0 


4,933 


5,212 


10,145 


134 


133 


75 


70 


63 


38 


5.4 


Feb. 


26.2 


17.8 


44.0 


5,033 


5,355 


10,388 


131 


141 


77 


73 


65 


50 


5.6 


Mar. 


22.9 


18.9 


41.8 


4,896 


5,164 


10,060 


127 


134 


75 


72 


48 


30 


3.0 


Apr. 


26.8 


19.4 


46.2 


4,713 


4,937 


9,650 


130 


128 


70 


67 


39 


24 


2.7 


May 


29.9 


20.1 


50.0 


4,906 


5,073 


9,979 


139 


130 


72 


68 


53 


54 


7.8 


June 


30.8 


21.0 


51.8 


4,967 


5,135 


10,102 


140 


132 


73 


70 


50 


44 


5.3 


July 


32.2 


20.8 


53.0 


5,071 


5,225 


10,296 


149 


144 


76 


73 


47 


34 


6.4 


Aug. 


33.0 


22.1 


55.1 


5,119 


5,330 


10,449 


141 


143 


76 


71 


46 


36 


12.7 


Sept. 


32.9 


24.5 


57.4 


5,344 


5,490 


10,834 


138 


152 


82 


75 


59 


35 


8.5 


Oct. 


37.2 


26.6 


63.8 


5,560 


5,752 


11,312 


138 


165 


89 


77 


65 


27 


6.1 


Nov. 


40.4 


30.9 


71.3 


5,699 


5,880 


11,579 


147 


180 


101 


79 


90 


40 


9.9 


Dec. 


43.8 


35.7 


79.5 


5,912 


6,158 


12,070 


156 


197 


109 


86 


75 


38 


11.9 


1937— Jan. 


46.8 


39.2 


86.0 


6,124 


6,472 


12,596 


164 


196 


114 


87 


96 


57 


10.0 


Feb. 


45.3 


40.7 


86.0 


6,422 


6,787 


13,209 


159 


211 


113 


90 


94 


49 


10.7 


Mar. 


42.4 


45.7 


88.1 


6,319 


6,773 


13,092 


151 


197 


120 


84 


81 


28 


8.0 


Apr. 


40.1 


41.2 


81.3 


5,629 


6,052 


11,681 


129 


162 


104 


77 


86 


34 


9.0 


May 


39.9 


37.1 


77.0 


5,746 


6,103 


11,849 


120 


158 


107 


77 


42 


13 


2.8 



(1) Including their respective Curb Markets. 



MILLIONS OF DOLLARS 



STOCK EXCHANGE STATISTICS 



BILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



INDEX 





10 



JUNE 1937 



VI— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume 

of 

Business 

Index 

1926=100 


PRODUCTION 


Con- 
struction 
Contracts 
Awarded 


Car- 
loadings 






Gold 


Copper 


Steel 


Auto- 
mobiles 

and 
Trucks 


News- 
print 


Electric 
Power 


Employ- 
ment 
Index 




Thousands 
FineOunces 


Thousands 
Short Tons 


Thousands 
Long Tons 


Thousands 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs. 


Millions 
of Dollars 


Thousands 


1926=100 


Average of Months 






















1926 


100.0 


146.2 


5.5 


64.7 


17.1 


157.4 


1008 


31.1 


271.1 


100.0 


1927 


106.1 


154.4 


5.8 


75.7 


14.9 


173.6 


1212 


34.9 


283.1 


105.0 


1928 


117.3 


157.5 


8.4 


102.9 


20.2 


201.2 


1361 


39.3 


308.0 


112.3 


1929 


125.5 


160.7 


10.3 


114.8 


21.9 


227.1 


1497 


48.1 


293.7 


119.2 


1930 


109.5 


175.2 


12.6 


84.1 


12.8 


208.2 


1508 


38.1 


262.0 


112.6 


1931 


93.5 


224.5 


12.2 


56.0 


6.9 


185.6 


1361 


26.3 


214.6 


101.7 


1932 


78.7 


253.7 


10.3 


28.3 


5.1 


159.9 


1338 


11.1 


181.3 


86.4 


1933 


79.7 


245.8 


12.5 


34.2 


5.5 


168.1 


1445 


8.1 


169.3 


84.2 


1934 


94.2 


247.5 


15.2 


63.3 


9.7 


216.5 


1763 


10.5 


193.4 


96.4 


1935 


102.4 


273.7 


17.5 


78.0 


14.1 


229.4 


1950 


13.4 


196.5 


99.8 


1936 


112.2 


310.8 


17.5 


92.9 


13.5 


265.0 


2124 


13.5 


207.9 


104.0 


Monthly 






















1936— Mar. 


104.0 


299.1 


18.2 


101.1 


18.0 


243.9 


2136 


10.3 


192.1 


103.7 


Apr. 


111.0 


299.3 


17.7 


107.2 


25.0 


258.7 


2165 


9.8 


193.1 


103.2 


May 


107.6 


308.5 


17.5 


94.6 


20.0 


267.1 


2083 


15.0 


190.1 


102.4 


1937— Mar. 


118.7 


326.3 


20.9 


125.1 


24.9 


301.1 


2412 


16.1 


214.4 


107.8 


Apr. 


120.5 


323.3 


21.0 


121.4 


17.1 


298.4 


2323 


24.4 


207.6 


109.2 


May 








120.8 


23.5 




2301 


24.2 


210.4 


109.4 



1926 = 100 

125 



EMPLOYMENT INDEXES 

SEASONALLY ADJUSTED 




1926=100 

125 




JFMAMJJASOND JFMAMJJASOND 





JFMAMJJASOND JFMAMJJASOND 



JUNE 1937 



11 



Index 1926 = 100 



VII— RETAIL COMMODITY PRICES 
FOODS <» 

Dominion Bureau of Statistics 





Beef 


Eggs 


Milk 


Butter 


Cheese 


Potatoes 


Bread 


Tea 


Sugar 


Total 
Retail 


Whole- 
sale 


Cost of 
Living 






















Foods 


Foods 


Average of Months 


























1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1927 


107.5 


103.8 


99.2 


103.6 


97.2 


75.8 


101.4 


99.7 


106.4 


98.1 


99.4 


98.4 


1928 


128.8 


102.1 


103.3 


103.1 


103.5 


63.1 


104.1 


99.4 


101.3 


98.6 


99.6 


98.9 


1929 


141.9 


101.1 


106.7 


105.1 


105.0 


68.5 


100.0 


98.2 


93.6 


101.0 


100.0 


99.9 


1930 


138.1 


97.4 


106.7 


90.4 


100.0 


82.1 


100.0 


87.7 


87.2 


98.6 


93.1 


99.2 


1931 


99.4 


71.8 


94.2 


69.1 


78.9 


44.2 


86.5 


76.6 


79.5 


77.3 


70.4 


89.6 


1932 


81.1 


62.8 


82.5 


56.6 


64.8 


33.9 


79.7 


65.3 


75.6 


64.3 


61.5 


81.3 


1933 


70.4 


60.2 


79.2 


57.0 


61.6 


45.6 


75.7 


58.9 


93.6 


63.7 


63.8 


77.5 


1934 


71.7 


63.9 


83.3 


60.4 


62.6 


44.6 


75.7 


70.4 


92.3 


69.4 


69.7 


78.6 


1935 


78.6 


66.7 


87.5 


61.1 


62.6 


38.3 


77.0 


72.7 


82.1 


70.4 


70.4 


79.1 


1936 


78.6 


72.2 


88.9 


63.3 


66.5 


61.3 


80.4 


72.6 


78.5 


73.4 


73.4 


80.7 


Monthly 

1936— May 


81.1 


50.6 


89.2 


60.0 


64.2 


60.5 


79.7 


73.1 


78.2 


71.3 


70.1 


80.0 


June 


79.9 


52.1 


89.2 


56.4 


63.8 


64.1 


79.7 


72.5 


78.2 


71.3 


71.2 


80.0 


July 


78.6 


58.1 


86.7 


58.6 


65.1 


74.8 


79.7 


72.4 


78.2 


72.6 


73.3 


80.4 


Aug. 


79.2 


64.3 


86.7 


62.6 


66.0 


84.9 


81.1 


72.7 


78.2 


74.7 


75.6 


81.0 


Sept. 


77.4 


71.6 


87.5 


66.2 


68.6 


73.0 


82.4 


72.4 


78.2 


75.1 


75.6 


81.1 


Oct. 


76.1 


75.9 


90.0 


65.3 


70.4 


60.7 


82.4 


72.7 


78.2 


74.4 


76.4 


81.1 


Nov. 


75.5 


93.8 


90.0 


63.5 


70.8 


56.7 


82.4 


72.5 


78.2 


75.0 


76.2 


81.4 


Dec. 


74.2 


97.4 


90.8 


65.8 


70.4 


58.3 


83.8 


72.5 


78.2 


75.3 


77.4 


81.7 


1937— Jan. 


76.7 


84.6 


90.0 


67.8 


70.4 


59.9 


83.8 


72.8 


79.5 


75.2 


79.4 


81.6 


Feb. 


81.1 


67.5 


90.0 


69.1 


71.1 


68.5 


83.8 


72.5 


79.5 


75.6 


79.7 


81.7 <2) 


Mar. 


80.5 


63.7 


91.7 


66.9 


70.4 


73.6 


85.1 


72.7 


80.8 


75.7 


79.4 


82.0 


Apr. 


85.5 


57.3 


91.7 


68.2 


70.8 


73.4 


86.5 


72.9 


82.1 


76.3 


80.7 


82.2 


May 


93.1 


54.5 


91.7 


68.9 


71.1 


65.7 


86.5 


73.1 


83.3 


76.6 


79.9 


82.8 



(1) Based on average prices in 69 cities. 



INDEX 
110 



(2) Revised. 



RETAIL FOOD PRICES 

1926 - 100 



100 



90 



80 



70 



60 



AN 


i 

MUAL AVERA 


GE 





\-< — T 


OTAL INDEX 




































WHOLESALE AND RETAIL FOOD PRICES 



85 



80 



75 



70 





WHOLESALE — s 




#♦***«. 


J 


!■■■■ 


^ 
> # #*-—- ^ 


r ^RETAIL 


^ 




f 























85 



80 



75 



INDEX 



1926 27 28 '29 '30 '31 '32 '33 '34 '35 '36 J 




80 



70 



60 



F M A M J 
1937 



12 



JUNE 1937 



VIII— WHOLESALE COMMODITY PRICES 

1926 = 100 



CANADA 

Dominion Bureau of Statistics 





Farm 
Products 


Raw 

Materials 


Foods 


Manu- 
factures 


Total 


Averageof Mths. 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1927 


102.1 


99.9 


99.4 


96.5 


97.7 


1928 


100.7 


97.4 


99.6 


95.0 


96.4 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1930 


82.3 


82.2 


93.1 


87.3 


86.6 


1931 


56.3 


61.9 


70.4 


74.8 


72.1 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 (2) 


70.8 


73.4 


73.6 (2) 


74.6 


Monthly 

1936-May 


64.8 


66.2 


70.1 


71.7 


71.9 (2) 


June 


64.5 


66.6 


71.2 


71.9 


72.3 


July 


66.3 


69.7 


73.3 


73.3 


74.4 


Aug. 


73.3 


73.0 


75.6 


74.8 


76.2 


Sept. 


74.4 


73.9 


75.6 


75.1 


76.4 


Oct. 


76.3 


75.2 


76.4 


75.4 


77.1 


Nov. 


77.1 


75.8 


76.2 


75.5 


77.2 


Dec. 


82.4 


79.3 


77.4 


77.3 


79.7 


1937-Jan. 


86.0 


82.4 


79.4 


78.4 


81.3 


Feb. 


87.0 


83.8 


79.7 


78.8 


82.9 


Mar. 


90.0 


86.8 


79.4 


79.7 


85.5 


Apr. 


91.4 


87.5 


80.7 


80.5 


86.1 


May 


87.8 


85.7 


79.9 


80.0 


85.1 



U.K. 

Board of Trade w 



Foods 


Total 


100.0 


100.0 


98.2 


95.6 


98.4 


94.7 


93.9 


92.1 


81.8 


80.7 


72.4 


70.9 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


72.1 


74.2 


73.0 


74.7 


73.5 


75.5 


76.6 


76.8 


77.7 


77.6 


80.2 


78.8 


79.1 


79.3 


81.2 


81.3 


81.3 


83.0 


80.7 


83.8 


82.4 


86.6 


83.4 


87.9 


83.2 


89.3 



U.S.A. 

Bureau of Labour 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 
(» 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


99.4 


96.5 


96.7 


95.0 


95.4 


105.9 


99.1 


101.0 


95.9 


96.7 


104.9 


97.5 


99.9 


94.5 


95.3 


88.3 


84.3 


90.5 


88.0 


86.4 


64.8 


65.6 


74.6 


77.0 


73.0 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


75.2 


75.8 


78.0 


80.5 


78.6 


78.1 


77.6 


79.9 


80.7 


79.2 


81.3 


79.8 


81.4 


81.6 


80.5 


83.8 


81.5 


83.1 


82.4 


81.6 


84.0 


81.8 


83.3 


82.3 


81.6 


84.0 


82.1 


82.6 


82.0 


81.5 


85.1 


83.1 


83.9 


82.6 


82.4 


88.5 


85.6 


85.5 


83.8 


84.2 


91.3 


88.1 


87.1 


84.9 


85.9 


91.4 


88.3 


87.0 


85.4 


86.3 


94.1 


90.1 


87.5 


86.4 


87.8 


92.2 


88.7 


85.5 


87.4 


88.0 



(1) Adjusted to 1926= 100 from base 1913 = 100 in 1926-29 and from base 1930= 100 in 1930 and thereafter. 

(2) Revised. (3) Bureau of Labour Index of Finished Products. 



1926-100 

90 



WHOLESALE FOOD PRICES 



1926=100 

90 




1936 



JUNE 1937 



13 



Cents per unit 



IX— FOREIGN EXCHANGE RATES 

Federal Reserve Bulletin and Bank of Canada il) 





Sterling in 


U.S. Dollar 


Can. Dollar 


Sterling in 


French Franc 




Canada 


in Canada 


in New York 


New York 


in New York 






Premium or 




Premium or 




Premium or 




Premium or 




Premium or 


Average of All 




Discount (2) 




Discount (2) 




Discount (2) 




Discount <2) 




Discount (2) 


Working Days 




% 




% 




% 




% 




% 


1928 


487.07 


+ 0.08 


100.09 


+ 0.09 


99.91 


- 0.09 


486.62 


- 0.01 


3.921 


+ 0.08 


1929 


489.34 


+ 0.55 


100.75 


+ 0.75 


99.25 


- 0.75 


485.69 


- 0.20 


3.916 


- 0.05 


1930 


486.98 


+ 0.07 


100.16 


+ 0.16 


99.84 


- 0.16 


486.21 


- 0.09 


3.925 


+ 0.18 


1931 


470.80 


- 3.26 


103.81 


+ 3.81 


96.33 


- 3.67 


453.50 


- 6.82 


3.920 


+ 0.05 


1932 


398.01 


-18.21 


113.52 


+13.52 


88.09 


-11.91 


350.61 


-27.96 


3.928 


+ 0.26 


1933 


460.73 


- 5.33 


108.74 


+ 8.74 


91.96 


- 8.04 


423.68 


-12.94 


5.031 


+28.41 


1934 


498.91 


+ 2.52 


99.00 


- 1.00 


101.01 


+ 1.01 


503.93 


+ 3.55 


6.569 


+67.67 


1935 


492.67 


+ 1.24 


100.50 


+ 0.50 


99.49 


- 0.51 


490.18 


+ 0.72 


6.601 


+68.48 


1936 


497.49 


+ 2.22 


100.06 


+ 0.06 


99.94 


- 0.06 


497.17 


+ 2.16 


6.114 


+56.05 


1936— May 


497.98 


+ 2.33 


100.18 


+ 0.18 


99.82 


- 0.18 


497.09 


+ 2.14 


6.586 


+68.10 


June 


503.28 


+ 3.42 


100.26 


+ 0.26 


99.74 


- 0.26 


501.96 


+ 3.14 


6.593 


+68.28 


July 


502.68 


+ 3.29 


100.08 


+ 0.08 


99.92 


- 0.08 


502.27 


+ 3.21 


6.620 


+68.97 


Aug. 


502.65 


+ 3.29 


100.01 


+ 0.01 


99.99 


- 0.01 


502.58 


+ 3.27 


6.585 


+68.07 


Sept. 


503.90 


+ 3.54 


99.97 


- 0.03 


100.03 


+ 0.03 


504.04 


+ 3.57 


6.341 


+61.85 


Oct. 


489.72 


+ 0.63 


99.97 


- 0.03 


100.03 


+ 0.03 


489.86 


+ 0.66 


4.666 


+ 19.09 


Nov. 


488.17 


+ 0.31 


99.86 


- 0.14 


100.14 


+ 0.14 


488.85 


+ 0.45 


4.647 


+ 18.61 


Dec. 


490.42 


+ 0.77 


99.93 


- 0.07 


100.07 


+ 0.07 


490.78 


+ 0.85 


4.668 


+ 19.15 


1937— Jan. 


490.93 


+ 0.88 


100.03 


+ 0.03 


99.97 


- 0.03 


490.77 


+ 0.85 


4.667 


+ 19.12 


Feb. 


489.53 


+ 0.59 


100.02 


+ 0.02 


99.98 


- 0.02 


489.43 


+ 0.57 


4.656 


+ 18.84 


Mar. 


488.24 


+ 0.33 


99.95 


- 0.05 


100.05 


+ 0.05 


488.53 


+ 0.39 


4.595 


+ 17.28 


Apr. 


490.95 


+ 0.88 


99.86 


- 0.14 


100.14 


+ 0.14 


491.63 


+ 1.02 


4.496 


+ 14.76 


May 


493.13 


+ 1.33 


99.84 


- 0.16 


100.16 


+ 0.16 


493.92 


+ 1.49 


4.477 


+ 14.27 



(1) All Rates in 1928-35 are noon buying rates; sterling and dollar rates in 1936 and after are noon middle rates. 

(2) Based on pre-1931 pars of $4.86656, $1.00, and 3.9179c. respectively. 



PURCHASING POWER PARITIES 



DOLLARS 





ANNUAL 4 AVERAGE 


1.10 










6'" 




1.00 
.90 






*«* 











UNITED STATES DOLLAR IN CANADA 



MONTHLY AVERAGE EXCHANGE RATE 



~\ 



PURCHASING POWER PARITY 





^-•-^ 



POUND STERLING IN CANADA 



'•»_' 



*«•«. — *""*'% 



PURCHASING POWER PARITY 



DOLLARS 



1.10 



1.00 



.90 



5.15 



4.87 



4.60 



4.25 



I928'29 "30 '31 '32 '33 '34 '35 '36 J F M A M J J A S O N D 

1935 

AS INDICATED BY WHOLESALE PRICE INDEXES ON OPPOSITC PACE. ON 1926 BASE 



F MAMJ JASON DJ FMAMJJ 
1936 1937 



3.90 



14 



JUNE 1937 



Millions of Dollars 



X— EXTERNAL TRADE : MERCHANDISE IMPORTS 
VALUE BY CHIEF COMMODITY CLASSIFICATIONS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Fruits. 

Nuts and 


Sugar 
and 


Rubber 
and 


Petroleum 
Asphalt 


Coal and 
Coke 


Textiles 
and 


Iron 
and 


Machinery 
and 


Non- 
ferrous 


Chemical 




Vegetables 


Products 


Products 


and 
Products 


Products 


Fibres 


Steel 


Vehicles 


Metal 
Products 


Products 


Calendar Year Totals 






















1926 


41 


38 


30 


53 


67 


184 


95 


125 


51 


31 


1927 


46 


40 


28 


54 


67 


184 


93 


155 


59 


33 


1928 


51 


35 


24 


63 


61 


202 


114 


209 


69 


37 


1929 


50 


28 


23 


78 


64 


199 


134 


208 


91 


40 


1930 


45 


27 


13 


67 


63 


149 


93 


131 


68 


37 


1931 


35 


23 


7 


41 


41 


90 


52 


64 


39 


31 


1932 


27 


17 


4 


44 


35 


69 


29 


38 


22 


28 


1933 


22 


16 


5 


31 


31 


70 


29 


32 


18 


24 


1934 


26 


17 


10 


41 


40 


84 


42 


52 


26 


28 


1935 


28 


19 


10 


44 


38 


•85 


50 


62 


34 


30 


1936 


33 


21 


12 


50 


40 


99 


55 


80 


35 


32 


12 Months Ending 






















Apr.— 1937 


34 


20 


14 


50 


40 


107 


63 


92 


38 


34 


1936— Apr. 


2.4 


1.0 


0.6 


2.5 


2.0 


6.4 


4.1 


7.1 


2.5 


2.1 


May 


3.4 


2.6 


1.0 


4.3 


3.8 


7.9 


5.8 


8.6 


3.6 


3.2 


June 


3.8 


2.2 


1.0 


5.9 


3.4 


8.0 


5.4 


7.4 


3.0 


2.7 


July 


3.9 


2.6 


1.0 


4.8 


3.3 


7.5 


5.3 


6.0 


3.2 


2.7 


Aug. 


2.2 


1.6 


1.5 


5.5 


2.9 


8.0 


4.6 


4.7 


3.0 


2.5 


Sept. 


2.8 


2.1 


1.0 


5.3 


3.4 


7.8 


4.7 


5.4 


2.5 


2.5 


Oct. 


3.4 


2.3 


1.4 


6.1 


4.2 


9.5 


5.6 


6.7 


3.3 


3.3 


Nov. 


2.7 


2.5 


1.8 


5.6 


3.8 


9.0 


5.8 


6.7 


3.1 


3.7 


Dec. 


2.5 


1.4 


0.7 


2.7 


3.6 


8.7 


4.3 


7.9 


2.7 


2.3 


1937— Jan. 


1.8 


0.6 


1.0 


2.2 


2.9 


9.6 


4.4 


8.9 


2.9 


2.6 


Feb. 


2.1 


0.5 


0.8 


2.1 


2.8 


9.1 


4.3 


8.0 


3.1 


2.2 


Mar. 


3.2 


0.9 


1.5 


2.6 


3.1 


13.5 


6.4 


12.3 


4.0 


3.2 


Apr. 


2.5 


1.1 


0.9 


2.7 


3.0 


8.9 


6.3 


9.6 


3.4 


2.8 



Total 
Merchan- 
dise 
Importsd) 



1008 
1087 
1222 
1299 

1008 
628 
453 

401 
514 
550 
635 

687 

42.2 
59.1 
57.6 
53.8 
50.3 
53.0 
65.2 
66.2 
53.0 

51.9 
48.7 
71.0 
56.9 



(l)Includcs merchandise re-exports. 



MILLIONS OF DOLLARS 

80 



MERCHANDISE IMPORTS 

MONTHLY TOTALS 




MILLIONS OF DOLLARS 

9 





- — ■ 

IRON 


i 

AND STEEL 




1937 ->gf 


/£* 


1936 


+■*}/ V* 




* //NS. 


_^/*"*^c? 


/y vta 




* // V- 




\\ 




K // 


V-1935 




































JAN FEB MAR APR. MAY JUNE JULY AUG SEPT OCT NOV DEC JAN FEB. MAR APR MAY JUNE JULY AUG. SEPT OCT. NOV. DEC 



JUNE 1937 



15 



Millions of Dollars 



EXTERNAL TRADE : MERCHANDISE EXPORTS 
VALUE BY CHIEF COMMODITY CLASSIFICATIONS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Grain 


Fruits, 


Livestock 


D • 


Furs 


Non- 


Newsprint 




Machinery 






and 


Nuts and 


Meat and 


* 


and 


ferrous 


and 


Lumber 


and 


Chemical 




Milled 
Products 


Vegetables 


Fish 


Products 


Skins 


MetalsK) 


Wood Pulp 




Vehicles 


Products 


Calendar Year Totals 






















1926 


481 


21 


86 


41 


26 


89 


166 


62 


60 


17 


1927 


447 


16 


81 


35 


32 


97 


170 


57 


54 


18 


1928 


558 


13 


74 


36 


35 


105 


187 


48 


59 


18 


1929 


333 


18 


68 


28 


31 


154 


192 


49 


74 


22 


1930 


236 


20 


43 


19 


20 


116 


172 


37 


37 


16 


1931 


162 


14 


34 


15 


16 


99 


137 


20 


14 


11 


1932 


167 


11 


28 


12 


12 


105 


102 


13 


12 


11 


1933 


156 


17 


35 


11 


15 


146 


93 


17 


15 


13 


1934 


175 


16 


50 


9 


17 


200 


108 


26 


28 


14 


1935 


180 


17 


57 


11 


19 


233 


116 


26 


38 


16 


1936 


284 


14 


73 


15 


22 


267 


135 


37 


36 


18 


12 Months Ending 






















Apr.— 1937 


284 


14 


80 


15 


24 


275 


147 


41 


38 


20 


1936— Apr. 


7.0 


0.2 


5.2 


0.2 


0.9 


20.2 


8.6 


2.2 


2.3 


1.3 


May 


25.9 


0.6 


6.4 


0.6 


1.3 


21.2 


11.5 


2.8 


3.1 


1.8 


June 


23.9 


0.9 


6.6 


1.0 


1.1 


22.7 


12.3 


3.4 


3.1 


1.5 


July 


27.0 


0.8 


6.4 


2.4 


1.2 


21.8 


10.9 


3.2 


3.1 


1.0 


Aug. 


26.1 


0.5 


6.6 


1.9 


1.3 


22.5 


11.7 


3.6 


2.5 


1.2 


Sept. 


26.6 


0.9 


6.1 


1.7 


1.1 


23.1 


12.7 


3.5 


2.5 


1.5 


Oct. 


37.3 


2.7 


6.3 


2.4 


0.8 


25.7 


12.8 


4.0 


2.6 


1.7 


Nov. 


43.9 


2.3 


6.8 


2.3 


0.8 


25.5 


13.1 


3.9 


3.2 


1.6 


Dec. 


29.7 


2.0 


6.7 


1.1 


3.9 


22.1 


12.6 


4.0 


2.9 


1.5 


1937— Jan. 


15.2 


1.5 


7.6 


0.2 


6.0 


21.7 


12.3 


3.3 


3.3 


1.6 


Feb. 


10.1 


0.0 


7.0 


0.2 


2.6 


23.4 


10.6 


2.8 


3.0 


1.7 


Mar. 


10.1 


0.6 


7.9 


0.4 


2.4 


26.7 


14.3 


3.5 


4.8 


2.7 


Apr. 


8.0 


0.3 


5.5 


0.3 


1.2 


18.2 


12.0 


2.5 


3.8 


1.8 



Total 
Merchan- 
dise 
Exports (i) 



1275 
1229 
1351 
1188 

886 
631 
551 

608 

759 

842 

1070 

1116 

57.4 

88.9 

90.3 

92.5 

92.5 

94.1 

113.4 

120.9 

104.8 

86.9 
74.8 
90.8 
65.5 



(1) Exports of Canadian produce. (2) Adjusted for changes in "earmarked" gold. 

MERCHANDISE EXPORTS 



MILLIONS Or DOLLARS 

135 



105 



MONTHLY TOTALS 



75 



45 



45 



30 



15 











TOTAL 


4>'\ 


H937 

Q 


\Jr 


1936-A 
1935— a 


' r^\ 


s 


.' 


w 

















MILLIONS OF DOLLARS 

20 







" " ! 

NON-FERROUS METALS 














1937 -A 


A-—— *" 


/-I936 
^-1935 




, 




1 
















JAN. FEB MAR APR. MAY JUNE JULY AUG SEPT OCT NOV DEC JAN. FEB MAR. APR MAY JUNE JULY AUG SEPT OCT NOV DEC 



16 



JUNE 1937 



XI— GROSS VALUE OF AGRICULTURAL PRODUCTION 

Dominion Bureau of Statistics 



Millions of Dollars 





Distribution by Areas 


Total 

Gross 

Revenue 


Value by Products 




Maritime 
Provinces 


Ontario 

and 
Quebec 


Prairie 
Provinces 


British 

Columbia 


Field Crops 


Dairy 

Products 


Farm 
Animal 
Products 


Other 
Agri- 




WHEAT 


Other 
Field 
Crops 


Total 
Field 
Crops 




Crop 
Mm Bush. 


Value 


cultural 
Products 


1926 


110 


795 


765 


45 


1715 


407 


442 


663 


1105 


277 


178 


155 


1927 


98 


815 


864 


49 


1826 


480 


478 


695 


1173 


295 


184 


174 


1928 


99 


810 


843 


54 


1806 


567 


451 


674 


1125 


298 


198 


185 


1929 


109 


823 


642 


57 


1631 


305 


320 


629 


949 


292 


207 


183 


1930 


85 


658 


441 


51 


1235 


421 


205 


457 


662 


237 


167 


169 


1931 


58 


454 


292 


36 


840 


321 


124 


312 


436 


191 


97 


116 


1932 


51 


386 


299 


31 


767 


443 


155 


298 


453 


159 


65 


90 


1933 


59 


420 


292 


32 


803 


282 


137 


317 


454 


171 


89 


89 


1934 


64 


486 


356 


37 


943 


276 


170 


379 


549 


184 


99 


111 


1935 


66 


491 


356 


37 


950 


282 


173 


339 


512 


192 


120 


126 


1936 


74 


544 


402 


42 


1062 


229 


205 


394 


599 


208 


131 


124 



GROSS VALUE OF AGRICULTURAL PRODUCTION 



1926-100 

120 




1926- n.O 

120 



90 



^^^&&^*m I 


VALUE BY PRODUC 

k 


:ts 


FIELD CROPS — »> 


W 1 


DA1RV 
VNIMAL 


&.ND FARM 
PRODUCTS 






^"\ 












^N 


s3£ 


J1AL 







60 



30 



MILLIONS 



1926=- 100 



uuu 




> 




WHEAT 
CROP -MILLIONS Of 


BUSHELS 




A C\f\ 










4U0 




\, VALUE - 


$ MLL 






200 


ONS 


















*7" 





WHC 


)LESALL COMMODITY 
>,J« FARM PRODI 


' PRICES 
JCTS 






NUFACTURES 










T^' 




| 


s v 




^ 


*" 



120 



90 



60 



1926 "27 "28 '29 '30 '31 '32 *33 '34 "35 '36 1926 '27 '23 '29 "30 '31 *32 '33 '34 '35 '36 



30 



JUNE 1937 



17 



Bushels per Acre 



XII— WHEAT: AVERAGE YIELDS PER ACRE 

Compiled from data published by the Food Research Institute, the Dominion Bureau of 
Statistics and the United States Dept. of Agriculture 





Four Chief Exporters 


Lower 
Danube 


Chief European Importers 




























Canada 


U.S.A. 


tina 


tralia 


Total 


(a) 


U.K. 
(b) 


Italy 


Germany 


France 


Belgium 
(c) 


Total 


Avenge 


























1S09-14 


19.1 


15.0 


10.6 


10.4 


14.1 


16.9 


32.7 


15.4 


31.5 


19.5 


37.2 


20.8 


1922 


17.8 


13.8 


12.2 


11.2 


14.1 


14.0 


32.0 


14.1 


21.1 


18.6 


33.4 


18.3 


1923 


21.7 


13.3 


14.6 


13.1 


15.3 


16.0 


32.9 


19.5 


29.2 


20.2 


38.0 


21.9 


1924 


11.8 


16.0 


12.0 


15.2 


14.4 


11.3 


33.1 


15.1 


27.1 


20.6 


36.8 


20.2 


1925 


19.0 


12.8 


10.8 


11.2 


13.6 


16.0 


34.1 


20.6 


32.3 


23.8 


38.3 


24.4 


1926 


17.8 


14.7 


12.1 


13.8 


14.8 


15.7 


30.9 


18.2 


25.3 


17.9 


34.8 


19.8 


1927 


21.4 


14.7 


14.0 


9.6 


15.3 


14.4 


32.6 


15.9 


29.3 


21.1 


39.8 


21.1 


1928 


23.5 


15.4 


15.6 


10.8 


16.5 


18.8 


34.1 


18.6 


33.2 


21.7 


40.3 


22.9 


Average 


























1922-28 


19.0 


14.4 


13.0 


12.1 


14.9 


15.2 


32.8 


17.4 


28.2 


20.6 


37.3 


21.2 


1929 


12.1 


13.0 


10.2 


8.5 


11.9 


16.6 


36.1 


22.1 


31.1 


25.3 


35.8 


25.4 


1930 


16.9 


14.2 


11.9 


11.8 


14.0 


17.6 


30.1 


17.6 


31.6 


17.2 


31.4 


20.1 


1931 


12.2 


16.3 


13.7 


12.9 


14.6 


17.7 


30.2 


20.6 


29.0 


20.6 


35.2 


22.6 


1932 


16.3 


13.1 


13.5 


13.6 


14.0 


11.8 


32.5 


22.7 


32.6 


24.8 


38.6 


25.9 


1933 


10.8 


11.2 


15.9 


11.9 


12.0 


18.4 


35.9 


23.7 


35.9 


26.8 


39.7 


27.8 


1934 


11.5 


12.1 


14.0 


10.6 


12.1 


12.8 


37.3 


19.0 


30.6 


25.3 


42.1 


24.8 


1935 


11.7 


12.2 


11.8 


12.0 


12.0 


14.6 


34.8 


22.8 


33.0 


21.5 


36.7 


24.8 


Average 


























1929-35 


13.1 


13.2 


13.0 


11.6 


12.9 


15.6 


33.8 


21.2 


32.0 


23.1 


37.1 


24.5 


1936 


9.1 


12.8 


15.9 


10.6 


12.1 


19.7 


29.8 


18.4 


33.0 


19.2 


39.2 


21.9 



(a) Hungary, Rumania, Bulgaria, and Yugoslavia. In the years 1909-14 Serbia is included instead of Yugoslavia. 

(b) British Isles, 1909-14 and 1922-24. 

(c) Including Luxemburg. 



WHEAT ■■ AVERAGE YIELD PER ACRE 



BUSHELS 



BUSHELS 

30 




1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 



1933 1934 1935 1936 



7b 



7 



TATISTICAL SUMMARY 



ANK OF CANADA 



JULY 1957 



B 






AUG 3 m7 



- 



• *»J^ 



TABLE OF CONTENTS 



I Bank of Canada ......... 

II Chartered Banks ........ 

III Security Prices: 

1. Canadian Government Securities . . . . . 

2. Canadian, U.K. and U.S.A. Gov't Securities . 

IV Public Finance: 

Government Bonds Outstanding by Markets and Maturities. 

V Capital Issues ......... 

VI International Purchases and Sales of Securities 

VII Industrial Activity ........ 

VIII Wholesale Commodity Prices: 

Canadian, U.K. and U.S.A. ...... 

IX External Trade : 

1. Volume of Imports ....... 

2. Volume of Exports ....... 

X Civil Aviation: Canada and U.S.A. . . . . . 

XI Non-Ferrous Metals: 

Canadian Proportion of World Production and Exports 



Tables 
Page 


Charts 
Page 


2-3 


1 


4-5 


2-5 


6 


6 


7 


7 



10 

11 

12 
13 



14 
15 



11 
12 

13 



14 
15 



16 



16 



17 



Note: Tables and Charts refer to Canada unless otherwise stated. 

Subscription: $3.00 a year, post free. For particulars apply to the Research Department, Bank of Canada, 
Ottawa. 



JULY 1937 



BANK OF CANADA 



SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 

400 



MILLIONS OF DOLLARS 








a 


WK OF CANADA A< 

OTHER ASSETS — 


5SETS 


















>< SECURITIES VVx 










8g RESERVE «S 




' 




\XXXXE 












/WW 



400 



350 



300 



250 



200 



150 



100 



50 



1935 



1936 



1937 



Millions of Dollars 



JULY 1937 

I— BA 





LIABILITIES 




Chartered Bank Cash 
























Active 




Tota 

Asset 

or 

Liabilii 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Govt. 
Deposits 


Other 
Deposits 


B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


Average of 


















Wednesday Figures 


















1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


0.7 


48.9 


6.8 


294.( 


1936-12 Mths. 


40.5 


184.7 


225.2 


22.5 


1.0 


64.0 


9.3 


322.( 


1936— June 


36.9 


186.9 


223.8 


25.5 


1.1 


57.5 


7.8 


315.; 


July 


39.1 


186.6 


225.7 


16.2 


0.6 


60.7 


7.3 


310.i 


Aug. 


38.9 


184.6 


223.5 


23.6 


0.8 


64.0 


8.5 


320.< 


Sept. 


45.6 


172.6 


218.2 


16.1 


0.4 


75.0 


11.6 


321.; 


Oct. 


50.0 


177.5 


227.5 


16.2 


0.2 


80.7 


13.5 


338.: 


Nov. 


47.9 


199.1 


247.0 


20.8 


0.7 


80.9 


16.2 


365.1 


Dec. 


46.2 


192.0 


238.2 


24.1 


2.1 


83.5 


14.1 


362.1 


1937— Jan. 


52.1 


190.3 


242.4 


22.1 


2.0 


77.9 


12.6 


357.1 


Feb. 


44.0 


194.5 


238.5 


34.6 


1.0 


76.2 


12.4 


362.' 


Mar. 


42.5 


195.8 


238.3 


29.7 


1.6 


80.2 


14.1 


363.! 


Apr. 


46.5 


191.7 


238.2 


31.2 


1.2 


82.4 


12.4 


365.' 


May 


46.4 


193.4 


239.8 


22.0 


1.0 


84.5 


13.0 


360.: 


June 


45.5 


190.3 


235.8 


19.8 


0.6 


86.4 


13.3 


355.! 


Wednesdays 


















July- 7 


48.1 (1) 


183.9 


232.0" 


12.3 


0.7 


87.7 (,) 


12.7 


345, 


14 


48.9 (1) 


184.4 


233.3" 


13.7 


0.6 


87. 3 ( " 


12.6 


347. 


21 


49.9 a) 


181.3 


231.2" 


12.5 


0.7 


86. 8 ( " 


12.6 


343. 



(1) Estimates. 



(2) Includes "Other Securities". 



MILLIONS Of DOLLARS 



CHARTERED BANKS ■ CASH IN CANADA 

BANK OF CANADA NOTES AND DEPOSITS 



255 



245 



235 



225 



215 



205 




MONTHLY AVERAGE OF DAILY FIGURES 



^-1936 
I 



»»""%« 



-+s 



MILLIONS OF DOLLARS 

1255 



245 



I 

/ 
/ 

i 
j 



i 
i 

i 
i 
t 
I 



235 



225 



215 



JAN 



FEB 



MAR APR MAY JUNE JULY AUG SEPT OCT NOV 



DEC 



205 



JULY 1937 



CAN 


ADA 
















Millions of Dollars 




ASSETS 












Reserve 


Securities 


Advances 


All 

Other 

Accounts 




old 


Silver 


Foreign 


Total 


Reserve 


Dom.-Prov. 


Dom.-Prov. 


Total® 




Currencies 


Reserve 


Ratio 


Short 


Long 






























Average of 






















Wednesday Figures 


4.6 


1.4 


10.3 


166.3 


57.90 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9Mths. 


9.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.3 


1.7 


4.1 


1936-12Mths. 


9.9 


1.7 


15.8 


197.4 


64.11 


28.5 


82.7 


111.2 


3.2 


3.9 


June— 1936 


9.8 


1.8 


10.3 


191.9 


63.29 


30.0 


82.0 


112.0 


3.0 


3.6 


July 


9.4 


1.8 


18.9 


200.1 


64.16 


31.3 


80.4 


111.7 


3.0 


5.6 


Aug. 


9.4 


1.9 


5.3 


186.6 


60.25 


42.3 


86.3 


128.6 


3.0 


3.1 


Sept. 


'9.4 


1.9 


5.1 


186.4 


57.42 


51.8 


93.7 


145.5 


3.0 


3.2 


Oct. 


'9.2 


2.0 


12.3 


193.5 


55.38 


63.0 


100.7 


163.7 


1.0 


7.4 


Nov. 


9.3 


2.0 


14.6 


195.9 


56.31 


62.2 


99.5 


161.7 


- 


4.4 


Dec. 


9.5 


2.3 


11.7 


193.5 


56.18 


61.7 


98.0 


159.7 


- 


3.8 


Jan.— 1937 


•9.5 


2.3 


14.7 


196.5 


56.09 


58.7 


102.9 


161.6 


- 


4.6 


Feb. 


J3.2 


2.3 


18.6 


204.1 


58.35 


51.8 


101.8 


153.6 


- 


6.2 


Mar. 


10.8 


2.4 


16.1 


209.3 


59.29 


50.5 


101.7 


152.2 


- 


3.9 


Apr. 


58.2 


2.4 


14.1 


204.7 


58.94 


47.7 


101.3 


149.0 


- 


6.6 


May 


53.5 


2.5 


21.9 


207.9 


60.68 


39.5 


100.2 


143.7 


— 


4.3 


June 

Wednesdays 


Jl.fi 


2.5 


17.5 


201.5 


60.55 


31.1 


97.8 


138.9 


- 


5.0 


July- 7 


11.5 


2.5 


18.9 


202.9 


60.57 


34.1 


96.7 


140.8 


- 


3.8 


14 


51.4 


2.5 


16.6 


200.5 


60.55 


34.1 


95.4 


139.5 


- 


3.8 


21 



MILLIONS OF DOLLARS 



TOTAL ACTIVE NOTE CIRCULATION 

CHARTERED BANK NOTES AND BANK OF CANADA NOTES HELD BY PUBLIC 



MILLIONS OF DOLLARS 




JUNE 



JULY 



NOV DEC 









































JULY 1937 






II— CHAF E 


Millions of Dollars 




Ba> | 




LIABILITIES 






Notes 


Deposits 


Cash 
in 


Securities 








Dom. 


Canadian 




Total 


DOM.-PROV. 








Demand 


Time 


and Prov. 


Deposits * 


Foreign 


Deposits* 2 ' 


Canada ' 




Ot 




Short 


Long 


Average of 






















' ' ■ 


Month-end Figures 
























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


1 


1927 


172 


596 


1,399 


71 


2,079 


349 


2,479 


195 


325 


I 


1928 


177 


678 


1,497 


64 


2,254 


372 


2,703 


205 


334 


1 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


1 


1930 


159 


623 


1,428 


76 


2,141 


390 


2,607 


197 


316 


1 


1931 


142 


579 


1,438 


73 


2,103 


333 


2,503 


182 


454 


2 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


2 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


Q 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


1 


1935 


126 


569 


1,445 


65 


2,108 


348 


2,476 


216 


407 


454 


1 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


2 


End of 
























1936— June 


123 


622 


1,505 


80 


2,244 


389 


2,656 


224 


405 


680 


2 


July 


119 


619 


1,494 


62 


2,210 


376 


2,606 


222 


409 


679 


2 


Aug. 


124 


626 


1,503 


46 


2,209 


428 


2,657 


219 


403 


680 


2 


Sept. 


116 


648 


1,501 


114 


2,301 


406 


2,727 


221 


394 


713 


2 


Oct. 


118 


664 


1,510 


86 


2,291 


409 


2,723 


227 


462 


635 


2 


Nov. 


116 


680 


1,547 


42 


2,300 


415 


2,734 


259 


425 


633 


2 


Dec. 


109 


682 


1,548 


72 


2,323 


418 


2,773 


235 


469 


647 


2 


1937— Jan. 


109 


644 


1,549 


137 


2,283 


406 


2,788 


241 


470 


639 


3 


Feb. 


114 


656 


1,564 


150 


2,319 


421 


2,843 


233 


476 


647 


2 


Mar. 


113 


711 


1,584 


75 


2,393 


424 


2,853 


237 


482 


653 


2 


Apr. 


111 


732 


1,583 


67 


2,420 


418 


2,865 


240 


477 


660 


3 


May 


110 


700 


1,573 


99 


2,410 


420 


2,854 


234 


489 


643 


3 


June 


113 


713 


1,570 


96 


2,430 


425 


2,877 


233 


440 


697 


3 


(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 




(3) Until March 1935: Gold and Coin in Canada, 


Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 


CHARTERED BANKS : CALL LOANS IN CANADA 




MILLIONS OF DOLLARS 




MILLIONS OF DOLLARS 


125 








125 










1 1 




















1937 


MONTH -END FIGURES 






















115 






















J 


** % 


115 






















/ 


***, 


105 




















^ 


/ 




105 


















i 

i 
i 
i 


' 






Q", 


















t 

t 
i 
i 








95 


yj 


















t 




















,**' 


1936-^ 
^ 




i 
i 
■r 










RS 










S 


.*' 














85 


OJ 








4 


.'' 


















V 






/ 






















v 






y 






















V 






4* 






















s 


.•— — 





y 




















lb 














• 












75 










JAN 


FEB 




MAR 


APR 


MAY 


J 


JNE 


JU 


LY 


AUG 


SEPT 


OCT 




NOV 




DEC. 









JULY 1937 



) BANKS 

da 



Millions of Dollars 



ASSETS 




Loans 








CANADA 




ABROAD 


Total 
Assets 


otal 


Call 


Current 


Current 


Call 


Current 






Public 


Other 








533 


140 


934 


87 


250 


261 


2,864 


521 


186 


1,024 


83 


269 


269 


3,029 


522 


254 


1,178 


105 


267 


262 


3,323 


499 


267 


1,343 


112 


301 


248 


3,528 


472 


227 


1,286 


118 


188 


239 


3,237 


674 


170 


1,124 


147 


109 


205 


3,066 


696 


117 


1,032 


165 


84 


172 


2,869 


841 


102 


907 


147 


92 


148 


2,831 


867 


102 


869 


145 


107 


138 


2,838 


,044 


82 


829 


134 


72 


146 


2,957 


,331 


93 


699 


121 


64 


150 


3,145 


,368 


91 


657 


120 


64 


150 


3,135 


,357 


91 


650 


119 


58 


147 


3,084 


,355 


91 


657 


118 


59 


155 


3,141 


,380 


105 


688 


119 


60 


156 


3,205 


,363 


109 


708 


108 


66 


160 


3,202 


,316 


110 


693 


108 


75 


156 


3,206 


,384 


114 


675 


115 


75 


162 


3,242 


,412 


119 


687 


109 


72 


162 


3,262 


,422 


119 


692 


113 


68 


168 


3,329 


,427 


124 


694 


120 


76 


172 


3,337 


,440 


121 


710 


125 


72 


168 


3,347 


,438 


117 


728 


125 


77 


161 


3,334 


,442 


116 


728 


125 


70 


159 


3,359 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




in 
Canada ' 


Deposits' 4 ' 


Deposits in 


Note 






Canada 


Circulation 15 ' 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


187 


2,079 


9.0 


198 


1927 


193 


2,254 


8.5 


204 


1928 


191 


2,293 


8.3 


205 


1929 


176 


2,141 


8.2 


185 


1930 


169 


2,103 


8.1 


167 


1931 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


224 


2,203 


10.2 


176 


June— 1936 


225 


2,188 


10.3 


178 


July 


221 


2,179 


10.2 


184 


Aug. 


219 


2,237 


9.8 


195 


Sept. 


227 


2,267 


10.0 


197 


Oct. 


247 


2,274 


10.9 


194 


Nov. 


238 


2,285 


10.4 


200 


Dec. 


240 


2,302 


10.4 


182 


Jan.— 1937 


238 


2,301 


10.3 


184 


Feb. 


238 


2,347 


10.1 


191 


Mar. 


236 


2,364 


10.0 


193 


Apr. 


239 


2,383 


10.0 


195 


May 


237 


2,374 


10.0 


195 


June 



Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
Chartered Bank note circulation and Bank of Canada notes in public circulation. 



MILLIONS OF DOLLARS 

840 



CHARTERED BANKS • CURRENT LOANS TO THE PUBLIC IN CANADA 



800 



760 



640 1 



s '^. 



MONTH-END FIGURES 




MILLIONS OF DOLLARS 

1840 



800 



760 



JAN 



FEB. 



MAR APR 



MAY JUNE 



JULY 



AUG SEPT. OCT NOV DEC. 



720 



680 



640 



JULY 1937 



III— SECURITY PRICES 

Bank of Canada 



Dominion of Canada Bonds Payable in Canada Only 
Middle Prices and Yields 





4^% due 


Nov. 1, 


3% due 


June 1, 


5% clue 


Dct. 15, 


2V 2 % due 


June 1, 


2% due ] 


STov. 15, 




1948-58 


1950-55 


1943 


1943 


1939 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Average of working 






















days 






















1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


101.91 


1.40 


1936— June 


111.59 


3.35 


99.61 


3.03 


115.36 


2.68 


103.03 


2.03 


102.05 


1.38 


July 


112.43 


3.27 


101.07 


2.91 


115.95 


2.57 


103.30 


1.98 


102.43 


1.25 


Aug. 


113.54 


3.16 


102.43 


2.79 


116.52 


2.47 


103.70 


1.91 


102.84 


1.10 


Sept. 


113.71 


3.13 


101.59 


2.86 


116.55 


2.44 


103.89 


1.88 


102.89 


1.07 


Oct. 


111.88 


3.30 


.100.01 


3.00 


114.28 


2.74 


102.56 


2.09 


102.24 


1.26 


Nov. 


112.30 


3.25 


100.49 


2.96 


114.47 


2.69 


101.97 


2.18 


102.01 


1.31 


Dec. 


112.81 


3.20 


101.21 


2.89 


114.88 


2.61 


102.45 


2.09 


102.01 


1.30 


1937— Jan. 


112.39 


3.23 


100.47 


2.96 


114.20 


2.69 


102.15 


2.14 


101.82 


1.34 


Feb. 


110.27 


3.43 


98.38 


3.12 


112.11 


2.98 


101.44 


2.25 


101.38 


1.49 


Mar. 


108.12 


3.64 


95.90 


3.32 


110.91 


3.15 


100.85 


2.35 


101.51 


1.42 


Apr. 


107.78 


3.67 


95.49 


3.33 


111.20 


3.09 


100.47 


2.42 


101.71 


1.32 


May 


108.96 


3.54 


95.62 


3.32 


111.69 


2.98 


100.57 


2.40 


101.53 


1.38 


June 


109.93 


3.44 


96.24 


3.28 


112.38 


2.85 


101.30 


2.27 


101.67 


1.30 


July 1-15 


109.98 


3.43 


96.54 


3.26 


112.37 


2.83 


101.48 


2.23 


101.75 


1.24 



YIELD PER CENT 



DOMINION OF CANADA TREASURY BILLS PAYABLE IN CANADA 



MILLIONS OF DOLLARS 

200 




090 



050 



JULY 1937 









III— SECURITY PRICES 
















Bank of Canada 




















Government Bonds' 

Middle Prices and Yields 


Treasury Bill Tenders' 4 ' 




Canada 


U. K.< 2 > 


U.S.A.") 


Canada 


U.K. 


U.S.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 


3 Months 


3 Months 


9 Months 


Average of Working 




















days 




















1936 


105.67 


3.18 


106.48 


3.06 


103.45 


2.67 


.843 


.595 


.131 


1936— June 


105.60 


3.19 


105.90 


3.10 


103.18 


2.69 


.838 


.904 


.242 


July 


106.75 


3.09 


106.19 


3.08 


103.34 


2.68 


.757 


.581 


.071 


Aug. 


107.99 


2.97 


106.53 


3.06 


103.88 


2.64 


.689 


.526 


.194 


Sept. 


107.65 


3.00 


107.01 


3.03 


104.12 


2.62 


.643 


.520 


.146 


Oct. 


105.95 


3.15 


107.21 


3.01 


103.87 


2.64 


.702 


.539 


.141 


Nov. 


106.40 


3.11 


106.96 


3.02 


105.00 


2.56 


.749 


.526 


.101 


Dec. 


107.01 


3.05 


105.68 


3.11 


105.17 


2.55 


.747 


.906 


.117 


1937— Jan. 


106.43 


3.09 


104.87 


3.16 


105.57 


2.51 


.747 


.526 


.345 


Feb. 


104.33 


3.28 


102.38 


3.33 


105.65 


2.50 


.776 


.520 


.373 


Mar. 


102.01 


3.47 


101.21 


3.41 


104.14 


2.62 


.805 


.521 


.525 


Apr. 


101.64 


3.50 


101.81 


3.37 


101.15 


2.84 


.771 


.527 


.667 


May 


102.29 


3.43 


101.85 


3.37 


101.53 


2.81 


.715 


.509 


.685 


June 


103.09 


3.36 


100.36 


3.47 


101.52 


2.81 


.643 


.701 


.572 


July 1-15 


103.26 


3.35 


99.47 


3.52 


101.81 


2.79 


.632 


.504 


.514 



(0 Average of two long term issues noted on chart below for each country. 

(2) United Kingdom issues are Quoted in London to include accrued interest but are given here excluding interest. 

(■" Exempt from Federal Income and certain State taxes. 

«) Average successful tender rate of issue on (or nearest date to) 15th of each month. 



TRENDS OF LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 



2.0% 



30% 




4.0% 



5.0% 



6.0% 




2.0% 



3.0% 



4.0% 



5.0% 



1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 



6.0% 



JULY 1937 



Millions of Dollars 



IV— PUBLIC FINANCE 

DOMINION DIRECT AND GUARANTEED, OTHER C.N.R., 
AND PROVINCIAL GOVERNMENT BONDS OUTSTANDING AS AT JUNE 30, 1937m 

Bank of Canada 









Payable 


in 












Canada 


Canada 

or 

New York 


New 
York 


Canada 

or 
London 


London 


Canada 
New York 
or London 


London 

or 

Paris 


Total 


Dominion Gov't. 


2328.5 

241.9 
1.3 

1.6 

6.1 
37.6 
42.3 

161.7 
264.6 

29.5 
55.4 
29.9 

29.7 


65.0 

17.2 

0.7 

40.6 
25.3 

39.0 
50.4 

42.5 
52.5 
59.0 

64.7 


449.0 

24.2 
18.9 

0.2 


3.2 

97.1 

0.5 
6.0 

11.1 

10.9 

4.0 

20.2 


409.9 

286.5 
36.4 

5.7 
4.0 

5.7 
5.9 

8.2 

15.3 
24.5 


351.5 
02.0 
28.6 

15.0 
238.9 

3.5 

4.7 

19.9 

4.0 


4.7 


3187.4 


C.N.R.(Guar't'dbyDom.) 
C.N.R.(Ung't'd by Dom.) 

Other Dom. Guar't'd... 

Prince Edward Island.. 

Nova Scotia 

New Brunswick 


972.3 

233.5 

30.9 

6.6 
83.9 
77.6 


Quebec 


226.1 


Ontario 


559.8 


Manitoba 

Saskatchewan 


95.0 
123.5 


Alberta 


128.1 


British Columbia 


143.1 






Total .. 


3230.1 


456.9 


492.3 


153.0 


802.1 


728.7 


4.7 


5867.8 









Canada 


Canada 

or 

New York 


New 
York 


Canada 

or 
London 


London 


Canada 

New York 
or London 


London 

or 

Paris 


Total 


Year of Final Maturity® 


















1937 


177.3 


2.1 


1.0 


— 


.9 


1.5 


- 


182.8 


1938 


143.7 


4.6 


3.0 


2.0 


60.0 


5.5 


— 


218.8 


1939 


135.8 


21.3 


42.0 


7.5 


14.6 


20.8 


— 


242.0 


1940 


328.4 


3.9 


1.4 


- 


1.0 


5.5 


- 


340.2 


1941 


220.6 


8.5 


1.6 


0.3 


18.2 


6.2 


_ 


255.4 


1942 


149.4 


32.3 


1.4 


24.6 


7.2 


7.6 


— 


222.5 


1943 


248.6 


25.2 


.4 


4.5 


5.4 


6.9 


— 


291.0 


1944 


121.2 


5.4 


30.5 


7.1 


1.1 


23.8 


— 


189.1 


1945 


113.9 


6.4 


76.0 


- 


l.S 


7.7 


- 


205.8 


1946 


76.7 


10.3 


24.2 


— 


3.4 


9.5 


_ 


124.1 


1947 


45.3 


7.5 


— 


4.4 


7.5 


5.5 


— 


70.2 


1948 


40.5 


13.3 


— 


— 


1.1 


5.5 


— 


60.4 


1949 


201.2 


5.6 


— 


2.4 


3.7 


5.5 


— 


218.4 


1950 


51.6 


20.3 


7.4 


25.0 


149.0 


5.5 


- 


258.8 


1951 


38.3 


26.0 


_ 


3.7 


1.2 


59.5 


— 


128.7 


1952 


96.9 


30.8 


100.0 


— 


1.2 


5.5 


— 


234.4 


1953 


38.8 


7.5 


— 


— 


12.0 


5.5 


— 


63.8 


1954 


64.8 


13.1 


— 


1.9 


10.2 


5.5 


— 


95.5 


1955 


107.1 


10.8 


- 


- 


50.0 


108.6 


4.7 


281.2 


1956 


56.9 


22.9 


_ 


— 


1.3 


74.8 


— 


155.9 


1957 


42.2 


86.1 


— 


— 


2.9 


7.3 


— 


138.5 


1958 


302.1 


11.3 


— 


— 


76.0 


12.6 


— 


402.0 


1959 


291.3 


20.7 


— 


— 


7.4 


47.5 


— 


366.9 


1960 


12.5 


30.1 


100.0 


3.2 


94.0 


37.7 


- 


277.5 


1961 


1.6 


20.1 


48.0 


_ 


34.2 


3.2 


— 


107.1 


1962 


_ 


— 


— 


5.5 


2.3 


46.6 


— 


54.4 


1963 


9.5 


— 


— 


3.0 


— 


3.2 


— 


15.7 


1964 


_ 


— 


— 


— 


— 


18.2 


— 


18.2 


1965 


0.3 


- 


- 


- 


.8 


3.2 


- 


4.3 


1966 


54.7 


0.5 


_ 


_ 


_ 


3.2 


— 


58.4 


1967 


1.9 


3.9 


55.0 


— 


12.1 


3.2 


- 


76.1 


1968 


_ 


_ 


_ 


_ 


— 


3.2 


- 


3.2 


1969 


_ 


6.4 


— 


— 


— 


141.3 


— 


147.7 


1970 and after 


8.8 


— 


0.4 


— 


— 


21.9 


- 


31.1 


Perpetuals 


48.2 


- 


- 


57.9 


221.6 


- 


- 


327.7 


Total ... 


3230.1 


456.9 


492.3 


153.0 


802.1 


728.7 


4.7 


5867.8 



(1) Figures from latest published Public Accounts adjusted to June 30, 1937, by known issues and redemptions. 

(2) Regardless of any callable provisions which may exist. 



JULY 1937 



400 



300 



GO 

< 



o 



o200 



CO 



100 







DOMINION DIRECT AND GUARANTEED. OTHER C.N.R. 
AND PROVINCIAL GOVERNMENT BONDS OUTSTANDING 
AS AT JUNE 30,1937 



BY MARKETS 



BY ISSUING BODIES 



LONDON OR PARIS 




BY YEARS OF FINAL MATURITY 




1 




1937 "38 '39 40 41 42 43 '44 '45 '46 47 48 *49 '50 '51 "52 '53 "54 '55 '56 *57 '58 '59 '60 '61 '62 '63 '64 *65 '66 '67 '68 '69 '70 

•INCLUDING PERPETUALS (and after) 



10 



JULY 1937 



Millions of Dollars 



CAPITAL ISSUES 

Bank of Canada 
BOND ISSUES CD 



Quarterly 
Total 


Dom. & C.N.R. 


Provinces 
and H.E.P.C.O. 


Net New 
Money 
or 
Net 
Retire- 
ments 




Municipalities 

and Religious 
Institutions 


Corporations 


Total 




Issues 


Retirements 


Issues 


Retirements 


New 

Money (2) 


Refunding<2) 


New 

Money 


Refunding 


New 

Money Q) 


Re- 
funding'-) 


1936 

I 

II 

III 

IV 


168.0 
134.7 
100.0 


97.2 

118.7 

31.7 

77.0 


19.7 
21.1 

82.0 


12.9 

25.7 

7.6 

13.6 


77.6 
11.4 
60.7 

8.6 


9.1 
9.7 
3.5 
3.3 


13.9 
4.2 
2.6 

1.7 


58.7 (3) 
3.2 
4.5 

7.7 


65.1 
20.1 (5) 
47.1 
25.9 


67.8" 

12.9 

8.0 

11.0 


79.0 

24.3 5) 

49.7 

27.6 




402.7 


324.6 


122.8 


59.8 


141.1 


25.6 


22.4 


74.1°> 


158.2 5 ' 


99.7 0) 


180.6 5 ' 


1937 

I 
II 


120.5 
113.5 


90.6 
117.0 


37.8 
31.5 


40.0 
43.4 


27.7 
15.4 


10.2 
6.1 


29.3 
3.0 


7.4 
17.1 


34.5 

14.1 


17.6 
23.2 


63.8 
17.1 




234.0 


207.6 


69.3 


83.4 


12.3 


16.3 


32.3 


24.5 


48.6 


40.8 


80.9 



Millions of Dollars 



SUMMARY OF CHANGES IN CURRENCIES OF PAYMENTS) 



Quarterly 


Issues Retired' 6 ' or Refunded 
were payable in 


New Issues 
were payable in 


Net Increase or 
Net Decrease 


Total 


Canada 


Can. & N.Y 


Can., N.Y. 
& Lon. 


Can. & Lon. 


N.Y. 


London 


Total 


Canada 


Can. & 

N.Y. 


NY. 


Total 






Canada 


All other 




Dom.. C.N.R., Provincial and H.E.P.C.O. Issues. 


1930 
I 

II 
III 

IV 


7.6 

132.8 

8.3 

83.4 


5.0 

8.4 

4.2 


1.1 

1.2 
1.5 


0.3 

0.8 


96.3 
1.0 

24.9 
0.7 


.7 
6.2 


110.0 

144.4 

39.4 

90.6 


99.7 
155.8 
100.0 

82.0 


- 


88.0 


187.7 

155.8 

100.0 

82.0 


92.1 

23.0 

91.7 

1.4 


14.4 

11.6 

31.1 

7.2 




232.1 


17.6 


3.8 


1.1 


122.9 


6.9 


384.4 


437.5 


- 


88.0 


525.5 


205.4 


64.3 


1937 
I 
II 


25.7 
146.7 


104.8 
2.3 


- 


1.3 


1.0 


9.2 


130.5 
160.5 


73.3 

145.0 


- 


85.0 


158.3 
145.0 


47.6 
1.7 


19.8 
13.8 




172.4 


107.1 


- 


1.3 


1.0 


9.2 


291.0 


218.3 




85.0 


303.3 


45.9 


33.6 




Corporation Issues 


1936 
I 

II 
III 
IV 


18.3 
8.0 
6.5 
1.5 


0.7 
3.4 
2.6 


7.0 
30.0 
29.7 
40.4 


0.2 
1.5 

0.1 


1.0 

38.7 

0.5 


0.4 


26.2 
44.3 
77.5 
42.5 


122.3 
21.8 
51.6 
33.6 


1.5 
1.5 


30.0 


123.8 
53.3 
51.6 
33.6 


104.0 
13.8 
45.1 
32.1 


6.4 

4.8 
71.0 
41.0 




34.3 


6.7 


107.1 


1.8 


40.2 


0.4 


190.5 


229.3 


3.0 


30.0 


262.3 


195.0 


123.2 


1937 
I 
II 


4.0 
.9 


3.1 
8.5 


14.2 
35.3 


3.4 


0.9 
1.0 


- 


25.6 
45.7 


41.9 
31.2 


- 


- 


41.9 
31.2 


37.9 
30.3 


21.6 
44.8 




4.9 


11.6 


49.5 


3.4 


1.9 


- 


71.3 


73.1 


- 


- 


73.1 


68.2 


66.4 



<D Subject to revision. 

U) It has been impossible to classify municipal and religious corporation issues totalling $4.2 mm. in 1936, and $3. 4mm. in the first half of 1937, between new money and 
refunding, and such issues have been divided in the same proportions as known issues in the quarter. 

(3) Includes S48 mm. of C.P.R. bonds issued to refund Dominion guaranteed bank loans. 

(4) Issues of municipalities and religious institutions are not included owing to lack of sufficient information. 

( 5) Not including $30mm. of Duke Price Power Bonds payable in New York only, which were refunded in New York. 
(W Not including retirements through sinking fund purchases. 



JULY 1937 



11 



VI— INTERNATIONAL PURCHASES AND SALES OF SECURITIES 



Millions of Dollars 






Dominion 


Bureau of Statistics 












Total 
Sales 


Total 
Purchases 


Net Sales 

or 

Net 

Purchases 


United States 


United Kingdom 


Other Countries 




Sales 
To 


Purchases 
From 


Sales 
To 


Purchases 
From 


Sales 
To 


Purchases 
From 


Jan. to May, 1937 

Canadian: Bonds 
Shares 


42.3 
98.9 


44.7 
98.7 


2.4 
0.2 


32. S 
42.9 


37.7 
58.5 


6.7 
46.5 


5.7 
35.0 


2.8 
9.5 


1.3 

5.2 


Total 

United States: Bonds 
Shares 


141.2 

4.6 
105.7 


143.4 

11.1 
105.8 


2.2 

6.5 
0.1 


75.7 

4.5 
104.5 


96.2 

11.1 
105.4 


53.2 

0.1 
1.0 


40.7 
0.3 


12.3 
0.2 


6.5 
0.1 


Total 

United Kingdom: Bonds 
Shares 


110.3 

3.1 

0.8 


116.9 

0.6 
0.7 


6.6 

2.5 
0.1 


109.0 

0.1 
0.1 


116.5 
0.3 


1.1 

2.9 
0.7 


0.3 

0.6 
0.4 


0.2 
0.1 


0.1 


Total 

Other Countries: Bonds 
Shares 


3.9 

3.3 
0.4 


1.3 

2.8 
0.4 


2.6 

0.5 
0.0 


0.2 

2.7 
0.4 


0.3 

2.7 
0.4 


3.6 
0.3 


1.0 


0.1 
0.3 


0.1 


Total 
Unclassified 


3.7 
14.9 


3.2 
12.4 


0.5 
2.5 


3.1 
11.3 


3.1 
11.2 


0.3 
3.1 


1.1 


0.3 
0.5 


0.1 

0.1 


Total all Securities 


274.0 


277.2 


3.2 


199.3 


227.3 


61.3 


43.1 


13.4 


6.8 



Monthly Totals 




















1937— Jan. 


59.1 


65.1 


6.0 


42.9 


54.7 


13.0 


8.8 


3.2 


1.6 


Feb. 


69.2 


56.2 


13.0 


49.3 


45.7 


16.5 


9.3 


3.4 


1.2 


Mar. 


66.5 


62.8 


3.7 


48.4 


50.6 


15.1 


10.5 


3.0 


1.7 


Apr. 


52.9 


64.6 


11.7 


39.1 


52.3 


11.1 


10.6 


2.7 


1.7 


May 


26.3 


28.5 


2.2 


19.6 


23.9 


5.6 


3.9 


1.1 


0.7 



INTERNATIONAL PURCHASES AND SALES OF SECURITIES 



JANUARY TO MAY 1937 





20 40 60 80 100 120 140 160 180 200 220 240 260 280 

MILLIONS OF DOLLARS 



12 



JULY 1937 



VII— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume 

of 

Business 

Index 

1926=100 


PRODUCTION 


Con- 
struction 
Contracts 
Awarded 


Car- 
loadings 






Gold 


Copper 


Steel 


Auto- 
mobiles 

and 
Trucks 


News- 
print 


Electric 
Power 


Employ- 
ment 
Index 




Thousands 
FineOunces 


Thousands 
Short Tons 


Thousands 
Long Tons 


Thousands 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs. 


Millions 
of Dollars 


Thousands 


1926=100 


Average of Months 






















1926 


100.0 


146.2 


5.5 


64.7 


17.1 


157.4 


1008 


31.1 


271.1 


100.0 


1927 


106.1 


154.4 


5.8 


75.7 


14.9 


173.6 


1212 


34.9 


283.1 


105.0 


1928 


117.3 


157.5 


8.4 


102.9 


20.2 


201.2 


1361 


39.3 


308.0 


112.3 


1929 


125.5 


100.7 


10.3 


114.8 


21.9 


227.1 


1497 


48.1 


293.7 


119.2 


1930 


109.5 


175.2 


12.6 


84.1 


12.8 


208.2 


1508 


38.1 


262.0 


112.6 


1931 


93.5 


224.5 


12.2 


56.0 


6.9 


185.6 


1361 


26.3 


214.6 


101.7 


1932 


78.7 


253.7 


10.3 


28.3 


5.1 


159.9 


1338 


11.1 


181.3 


86.4 


1933 


79.7 


245.8 


12.5 


34.2 


5.5 


168.1 


1445 


8.1 


169.3 


84.2 


1934 


94.2 


247.5 


15.2 


63.3 


9.7 


216.5 


1763 


10.5 


193.4 


96.4 


1935 


102.4 


273.7 


17.5 


78.0 


14.1 


229.4 


1950 


13.4 


196.5 


99.8 


1936 


112.2 


310.8 


17.5 


92.9 


13.5 


265.0 


2124 


13.5 


207.9 


104.0 


Monthly 






















1936— Apr. 


111.0 


299.3 


17.7 


107.2 


25.0 


258.7 


2165 


9.8 


193.1 


103.2 


May 


107.6 


308.5 


17.5 


94.0 


20.0 


267.1 


2083 


15.0 


190.1 


102.4 


June 


111.1 


316.7 


15.7 


82.2 


16.4 


270.1 


2029 


20.8 


200.8 


100.5 


1937— Apr. 


124. m 


323.3 


21.0 


121.4 


17.1 


298.4 


2323 


24.4 


207.6 


109.2 


May 


121.0 


340.1 


17.5 


120.8 


23.5 


309.2 


2301 


24.2 


210.4 


109.4 


June 






18.4 


118. 7 


23.8 




2253 


30.4 


214.2 


112.6 



(1) Revised. 



THOUSANDS OF CARS 



CARL0ADINGS 

CARS OF REVENUE FREIGHT LOADED ON CANADIAN RAILWAYS 



THOUSANDS OF CARS 

45 




FEB 



MAR 



APR 



MAY 



JUNE 



JULY 



AUG 



SEPT. 



OCT 



NOV. 



DEC. 



JULY 1937 



13 



VIII— WHOLESALE COMMODITY PRICES 

1926 = 100 
CANADA U.K. 

Dominion Bureau of Statistics Board of Traded 



U.S.A. 

Bureau of Labour 





Farm 
Products 


Raw 

Materials 


Foods 


Manu- 
factures 


Total 


Average of Mths. 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1927 


102.1 


99.9 


99.4 


96.5 


97.7 


1928 


100.7 


97.4 


99.6 


95.0 


96.4 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1930 


82.3 


82.2 


93.1 


87.3 


86.6 


1931 


56.3 


61.9 


70.4 


74.8 


72.1 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 (2) 


70.8 


73.4 


73.6 (2) 


74.6 


Monthly 

1936-June 


64.4 (2) 


66.6 


71.2 


71.9 


72.3 


July 


66.3 


69.7 


73.3 


73.3 


74.4 


Aug. 


73.3 


73.0 


75.6 


74.8 


76.2 


Sept. 


74.4 


73.9 


75.6 


75.1 


76.4 


Oct. 


76.3 


75.2 


76.4 


75.4 


77.1 


Nov. 


77.1 


75.8 


76.2 


75.5 


77.2 


Dec. 


82.4 


79.3 


77.4 


77.3 


79.7 


1937-Jan. 


86.0 


82.4 


79.4 


78.4 


81.3 


Feb. 


87.0 


83.8 


79.7 


78.8 


82.9 


Mar. 


90.0 


86.8 


79.4 


79.7 


85.5 


Apr. 


91.4 


87.5 


80.7 


80.5 


86.1 


May 


87.8 


85.7 


79.9 


80.0 


85.1 


June 


83.7 


83.3 


80.2 


80.1 


84.6 



Foods 


Total 


100.0 


100.0 


98.2 


95.6 


98.4 


94.7 


93.9 


92.1 


81.8 


80.7 


72.4 


70.9 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


73.0 


74.7 


73.5 


75.5 


76.6 


76.8 


77.7 


77.6 


80.2 


78.8 


79.1 


79.3 


81.2 


81.3 


81.3 


83.0 


80.7 


83.8 


82.4 


86.6 


83.4 


87.9 


83.2 


89.3 


83.1 


89.3 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 

(3) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


99.4 


96.5 


96.7 


95.0 


95.4 


105.9 


99.1 


101.0 


95.9 


96.7 


104.9 


97.5 


99.9 


94.5 


95.3 


88.3 


84.3 


90.5 


88.0 


86.4 


64.8 


65.6 


74.6 


77.0 


73.0 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


78.1 


77.6 


79.9 


80.7 


79.2 


81.3 


79.8 


81.4 


81.6 


80.5 


83.8 


81.5 


83.1 


82.4 


81.6 


84.0 


81.8 


83.3 


82.3 


81.6 


84.0 


82.1 


82.6 


82.0 


81.5 


85.1 


83.1 


83.9 


82.6 


82.4 


88.5 


85.6 


85.5 


83.8 


84.2 


91.3 


88.1 


87.1 


84.9 


85.9 


91.4 


88.3 


87.0 


85.4 


86.3 


94.1 


90.1 


87.5 


86.4 


87.8 


92.2 


88.7 


85.5 


87.4 


88.0 


89.8 


87.1 


84.2 


87.5 


87.4 



(1) Adjusted to 1926= 100 from base 1913 = 100 in 1926-29 and from base 1930= 100 in 1930 and thereafter. 

(2) Revised. (3) Bureau of Labour Index of Finished Products. 



1926-100 

125 



WHOLESALE IRON AND STEEL PRICES 



I926-IOO 

125 




14 



JULY 1937 



IX— EXTERNAL TRADE: VOLUME OF IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 























Structural 






Sugar 


Tea 


Coffee 


Raw 
Cotton 


Raw 
Wool 


Petroleum 
Oils 


Crude 
Rubber 


Coal 


Tin 
Plate 


Iron 
and 
Steel 


Volume 

of 

Total 




Pounds 


Pounds 


Pounds 


Pounds 


Pounds 


Gallons 


Pounds 


Short tons 


Short tons 


Short tons 


Imports 




Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Millions 


Thousands 


Thousands 


1926 = 100 


Calendar Year Totals 
























1926 


1161 


38 


25 


135 


15 


766 


45 


17 


75 


203 


100 


1927 


989 


38 


27 


136 


14 


929 


59 


19 


71 


204 


110 


1928 


955 


40 


29 


134 


14 


1113 


69 


17 


74 


270 


126 


1929 


951 


39 


29 


136 


12 


1359 


80 


18 


82 


381 


137 


1930 


945 


51 


32 


100 


10 


1303 


65 


19 


99 


193 


119 


1931 


952 


33 


33 


95 


11 


1245 


57 


13 


43 


120 


86 


1932 


868 


40 


31 


97 


9 


1115 


47 


12 


40 


31 


64 


1933 


790 


39 


34 


120 


14 


1119 


43 


11 


81 


19 


55 


1934 


860 


39 


35 


144 


15 


1206 


64 


13 


85 


32 


67 


1935 


901 


35 


. 35 


121 


15 


1293 


60 


12 


81 


43 


70 


1936 


1041 


40 


41 


150 


23 


1378 


62 


13 


94 


53 


79 


12 Months Ending 
























May— 1937 


987 


37 


40 


155 


25 


1403 


68 


14 


102 


66 


82 


Monthly Totals 
























1936— May 


130.5 


7.0 


5.4 


9.8 


2.8 


115.7 


4.9 


1.2 


14.8 


3.6 


90 


June 


112.3 


1.9 


3.5 


7.4 


2.9 


166.3 


4.6 


1.1 


10.6 


6.1 


88 


July 


129.4 


2.3 


3.4 


5.8 


2.2 


135.0 


5.1 


1.1 


12.2 


6.4 


81 


Aug. 


85.4 


2.1 


2.2 


7.0 


.7 


155.3 


8.5 


1.0 


8.6 


4.8 


74 


Sept. 


109.0 


2.9 


3.0 


9.2 


1.1 


151.8 


5.4 


1.1 


6.1 


5.7 


78 


Oct. 


119.8 


3.9 


2.6 


16.5 


1.2 


172.5 


6.9 


1.4 


7.6 


6.1 


96 


Nov. 


122.4 


3.4 


4.7 


21.1 


1.5 


159.0 


9.6 


1.2 


12.8 


4.8 


97 


Dec. 


67.3 


3.5 


2.5 


20.8 


1.5 


70.1 


2.7 


1.3 


4.7 


3.4 


75 


1937— Jan. 


25.8 


3.4 


3.3 


15.1 


1.7 


67.0 


3.7 


1.0 


5.5 


4.2 


72 


Feb. 


26.7 


2.6 


3.2 


12.1 


2.7 


57.6 


2.8 


0.9 


4.5 


2.8 


67 


Mar. 


49.3 


4.9 


4.3 


15.5 


4.1 


58.6 


5.9 


1.2 


4.7 


7.8 


91 


Apr. 


53.1 


3.1 


2.5 


8.7 


3.4 


65.3 


3.0 


1.0 


11.1 


7.1 


72 


May 


86.1 


2.8 


4.5 


15.3 


1.8 


144.8 


9.4 


1.4 


14.0 


6.5 


98 



IMPORTS OF STRUCTURAL IRON AND STEEL 



THOUSANDS OF SHORT TONS 

400 



300 



200 



100 





CALENDAR YEAR TOTALS 






































C^ 


* 



RUNNING 12-MONTH TOTALS 



CONSTRUCTION 
INDEX 1926= 100 

70 



THOUSANDS OF SHORT TONS 

70 




1926 "27 '28 '29 '30 '31 '32 '33 '34 '35 "36 J 




JULY 1937 



15 



IX— EXTERNAL TRADE: VOLUME OF EXPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Wheat 

and 

Flour 


Fish 


Bacon 

and 

Hams 


Cheese 


Newsprint 

and 

Wood 

Pulp 


Lumber 


Nickel 


Copper 


Auto- 
mobiles 

and 
Trucks 


Non- 
Monetary 
Gold 


Index 

Volume 

of 

Total 
Exports 




Bushels 
Millions 


Pounds 
Millions 


Pounds 
Millions 


Pounds 
Millions 


Short tons 
Thousands 


Board Feet 
Millions 


Short tons 
Thous'ds 


Short tons 
Thous'ds 


Thousands 


Fine ounce 
Thousands 


1926=100 


Calender Year Totals 

1926 


297 


435 


93 


135 


2738 


2132 


32 


59 


74 


677 


100 


1927 


297 


410 


58 


111 


2761 


2066 


35 


67 


57 


532 


98 


1928 


414 


456 


41 


114 


3070 


1724 


49 


95 


79 


629 


112 


1929 


254 


417 


29 


93 


3346 


1755 


55 


124 


102 


1742 


101 


1930 


242 


367 


15 


80 


3093 


1489 


46 


118 


45 


1064 


90 


1931 


220 


357 


13 


85 


2631 


938 


32 


98 


14 


2080 


82 


1932 


251 


258 


36 


87 


2229 


674 


16 


133 


13 


2602 


79 


1933 


217 


303 


73 


74 


2447 


1018 


44 


124 


20 


2771 


79 


1934 


191 


288 


120 


61 


3020 


1368 


59 


156 


43 


3143 


98 


1935 


188 


323 


125 


56 


3237 


1337 


71 


199 


64 


3343 


106 


1936 


265 


321 


158 


82 


3748 


1750 


87 


206 


56 


3771 


125 


12 Months Ending 

May— 1937 


227 


354 


186 


80 


4060 


1876 


95 


203 


55 


3619 


118 


Monthly Totals 

1936— May 


29.3 


12.2 


14.8 


3.6 


324.8 


136.9 


6.5 


21.4 


5.2 


247 


135 


June 


27.7 


17.3 


12.2 


5.3 


342.7 


169.6 


7.1 


12.6 


4.4 


330 


135 


July 


27.9 


19.2 


13.4 


11.5 


304.2 


153.9 


6.9 


18.1 


4.5 


263 


129 


Aug. 


22.9 


30.6 


11.9 


10.1 


327.9 


168.4 


5.9 


20.0 


3.4 


318 


123 


Sept. 


22.4 


34.5 


11.4 


9.9 


349.6 


160.6 


8.0 


16.9 


3.5 


295 


125 


Oct. 


29.0 


33.1 


14.1 


15.8 


348.1 


185.3 


6.6 


21.8 


2.9 


382 


146 


Nov. 


35.2 


46.0 


15.9 


15.1 


361.1 


173.5 


7.5 


18.9 


5.1 


388 


157 


Dec. 


22.6 


36.1 


18.0 


6.2 


345.8 


184.1 


8.0 


17.2 


3.9 


329 


131 


1937— Jan. 


11.2 


41.9 


17.1 


0.6 


336.5 


156.9 


7.5 


13.9 


5.3 


291 


105 


Feb. 


6.9 


32.7 


16.9 


0.7 


280.0 


120.9 


8.0 


13.3 


4.4 


309 


88 


Mar. 


6.5 


28.3 


20.5 


1.3 


376.9 


148.8 


12.1 


20.6 


7.1 


215 


102 


Apr. 


4.9 


15.1 


13.6 


0.7 


313.4 


101.1 


6.6 


12.0 


5.7 


202 


74 


May 


9.6 


19.2 


20.9 


2.5 


374.2 


152.8 


10.9 


17.8 


5.0 


297 


115 



EXPORTS OF NEWSPRINT 



MILLIONS OF SHORT TONS 

4 



MILLIONS OF SHORT TONS 





1 

CALENDAR YEAR TOTALS 














XXX/ USA V 








Vj^?? OTHER OVERSEAS ^ 


llillillw 


r^^^ :"^ 


^V&j&y^^-' 'SOUTH AMERICA ■, 



Ok** 

1926 "27 



'26 '29 '30 '31 '32 "33 '34 '35 '36 J 




16 



JULY 1937 



X— CIVIL AVIATION 

CANADA"' 
Department of Transport, Civil Aviation Division 



UNITED STATES'" 
Department of Commerce, Bureau of Air Service 





Commercial 

Pilots 

Employed 


Passengers 
Carried 
t Mile 


Express 

and 
Freiglit 
Carried 


Mail 
Carried 




Number 


Passengers 
Thousands 


Pounds 

Thousands 


Pounds 

Thousands 


Annual Totals 

1926 
1927 

1928 
1929 

1930 
1931 

1932 
1933 

1934 
1935 

1936 


* 
* 

* 

194 

193 
185 

178 
163 

208 

271 

401 


632 

1,424 

2,884 
6,115 

5,409 
4,074 

2,870 
3,817. 

6,266 

7,937 

10,105 


* 

* 

* 

3,904 

1,759 
2,372 

3,130 
1,717 

12,284 
16,296 

22,947 


4 
15 

317 
431 

474 
470 

414 
539 

625 

1,126 

1,160 



Commercial 

Pilots 

Employed 

(3) 


Passengers 
Carried 

1 Mile 


Express 

and 
Freight 
Carried 


Mail 
Carried 


Average 
Passenger 
Fare per 

Mile 


Number 


Passengers 
Thousands 


Pounds 

Thousinds 


Pounds 
Thousands 


Cents 


* 

107 

308 
562 

675 
690 

709 
749 

751 

987 

1,233 


* 
* 

* 
* 

84,015 
106,442 

127,039 
173,492 

187,859 
313,906 

435,740 


4 
46 

210 
250 

360 

788 

1,034 

1,510 

2,133 

3,822 

6,959 


703 (4) 

1 ,449 M > 

3,546 
7,100 

7,985 
9,097 

7,393 

7,362 

7,411 
13,276 

17,706 


12.00 
10.60 

11.00 
12.00 

8.30 
6.74 

6.10 
6.10 

5.90 
5.70 

5.70 



* Not available. 

(1) Commercial flying operations only. (2) Scheduled air lines operating within the continental limits of the United States. 

(3) Includes U.S.A. airlines operating in foreign countries. (4) Includes mail carried by Post Office Department. 

XI— NON-FERROUS METALS 

Compiled from Imperial Institute Statistical Summary, Mineral Production of Canada, Trade of Canada, 
Year books of The American Bureau of Metal Statistics, U.S. Bureau of Mines, and Metallgesellsdiaft. 





Gold 


Silver 


Platinum 
Metals 


Nickel 


Copper 




Production 


Production 


Production 


Production 


Production 


Exports 




Total 


World 


Total 


%of 
World 


Total 


%of 
World 


Total 


%of 
World 


Total 


%of 
World 


Total 


7c of 
World 




Millions of Fine Ounces 


000 Fine Ounces 


000 Short Tons 


000 Short Tons 


Annual Totals 


























1926 


1.8 


9 


22 


9 


20 


10 


33 


89 


67 


4 


56 


8 


1927 


1.9 


10 


23 


9 


23 


10 


33 


87 


71 


4 


64 


7 


1928 


1.9 


10 


22 


8 


24 


11 


48 


87 


101 


5 


91 


9 


1929 


1.9 


10 


23 


9 


30 


13 


55 


89 


124 


6 


118 


12 


1930 


2.1 


10 


26 


11 


68 


24 


52 


88 


152 


9 


115 


14 


1931 


2.7 


13 


21 


10 


92 


31 


33 


75 


146 


10 


96 


14 


1932 


3.0 


14 


18 


11 


65 


27 


15 


63 


124 


12 


130 


27 


1933 


2.9 


12 


15 


9 


56 


25 


42 


82 


150 


13 


121 


16 


1934 


3.0 


12 


16 


9 


200 


48 


64 


81 


182 


13 


154 


15 


1935 


3.3 


11 


17 


7 


190 


49 


69 


84 


209 


13 


196 


18 


1936 


3.7 


11 


18 


7 


235 


55 


85 


89 


211 


12 


202 


21 





Lead 


Zinc 


Aluminium 




Production 


Exports 


Production 


Exports 


Prodi 


'CTION 


Exports 




Total 


%of 

World 


Total 


%of 

W orld 


Total 


7c of 
World 


Total 


7c of 
World 


Total 


7cof 
World 


Total 


7c of 
World 




000 Short Tons 


000 Short Tons 


000 Short Tons 


Annual Totals 


























1926 


142 


8 


108 


13 


75 


4 


90 


11 


18 


9 


13 


17 


1927 


156 


8 


126 


13 


83 


5 


81 


10 


36 


17 


26 


30 


1928 


169 


9 


135 


14 


92 


5 


75 


10 


36 


14 


21 


30 


1929 


163 


8 


122 


12 


99 


5 


SO 


9 


31 


12 


38 


38 


1930 


166 


9 


116 


12 


134 


8 


99 


12 


34 


13 


23 


31 


1931 


134 


9 


110 


12 


119 


8 


119 


17 


31 


14 


13 


19 


1932 


128 


10 


109 


15 


86 


8 


88 


16 


18 


12 


10 


26 


1933 


133 


10 


146 


18 


100 


7 


91 


13 


10 


12 


18 


32 


1934 


173 


12 


153 


17 


149 


10 


138 


18 


16 


9 


22 


35 


1935 


170 


11 


147 


15 


160 


9 


145 


18 


23 


8 


31 


44 


1936 


191 


12 


165 


16 


167 


10 


160 


19 


30 


8 


29 


38 



JULY 1937 



17 



CANADIAN SHARE OF WORLD METAL PRODUCTION AND EXPORTS 

1936 



PRODUCTION 

GOLD 




PRODUCTION 



EXPORTS 



COPPER 





SILVER 




LEAD 





PLATINUM METALS 



ZINC 






NICKEL 



ALUMINIUM 






B 



t 



TATISTICAL SUMMARY 



ANK OF CANADA 




* «■■ i'. 



AUGUST 1937 



TABLE OF CONTENTS 



I Bank of Canada ...... 

II Chartered Banks ..... 

III Security Prices: 

1. Canadian Government Securities . 

2. Canadian, U.K., and U.S.A. Gov't Securities 

IV Public Finance: Dominion Government 

V Relief Recipients ..... 

VI Industrial Activity ..... 

VII Construction ...... 

VIII Wholesale Commodity Prices: 

1. Canadian, U.K., and U.S.A. Indexes 

2. Canada: Chief Commodities 

IX External Trade : 

1. Imports by Countries .... 

2. Exports by Countries .... 

X Wheat : Surplus and Exports : 

1. Chief Exporters ..... 

2. Canada ...... 



"ables 
Page 


Charts 
Page 


2-3 


1 


4-5 


2-5 


6 


6 


7 


7 


8 


— 


9 


9 


10 


10 


11 


11 


12 


12 


13 


13 


14 


14 


15 


15 



16 — 

17 



Note: Tables and Charts refer to Canada unless otherwise stated. 

Subscription: $3.00 a year, post free. For particulars apply to the Research Department, Bank of Canada, 
Ottawa. 






AUGUST 1937 




BANK OF CANADA 

SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 



400 

BANK OF 

350 — 

OTHER ACC 


CANADA LIABILITIES 

ount s *(4Zy, 'WAtvyffyyyyft' 








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,pOOUUL"°' e i 


HARTERED BANK fOC 
CASH RESERVE jOt 

of Canada deposits and T * 
leld by chartered banks | 






























































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1935 


1936 1937 



MILLIONS OF DOLLARS 
400 




Millions of Dollars 



AUGUST 1937 
I-B. 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Tot 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Asse 

or 

Liabil 


Average of 


















Wednesday Figures 


















1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


0.7 


48.9 


6.8 


294 


1936-12 Mths. 


40.5 


184.7 


225.2 


22.5 


1.0 


64.0 


9.3 


322 


1936— July 


39.1 


186.6 


225.7 


16.2 


0.6 


60.7 


7.3 


310 


Aug. 


38.9 


184.6 


223.5 


23.6 


0.8 


64.0 


8.5 


320 


Sept. 


45.6 


172.6 


218.2 


16.1 


0.4 


75.0 


11.6 


321 


Oct. 


50.0 


177.5 


227.5 


16.2 


0.2 


80.7 


13.5 


338 


Nov. 


47.9 


199.1 


247.0 


20.8 


0.7 


80.9 


16.2 


365 


Dec. 


46.2 


192.0 


238.2 


24.1 


2.1 


83.5 


14.1 


362 


1937— Jan. 


52.1 


190.3 


242.4 


22.1 


2.0 


77.9 


12.6 


357 


Feb. 


44.0 


194.5 


238.5 


34.6 


1.0 


76.2 


12.4 


362 


Mar. 


42.5 


195.8 


238.3 


29.7 


1.6 


80.2 


14.1 


363 


Apr. 


46.5 


191.7 


238.2 


31.2 


1.2 


82.4 


12.4 


365 


May 


46.4 


193.4 


239.8 


22.0 


1.0 


84.5 


13.0 


360 


June 


45.5 


190.3 


235.8 


19.8 


0.6 


86.4 


13.3 


355 


July 


49.5 


182.7 


232.2 


13.2 


0.7 


87.0 


12.6 


345 


Wednesdays 


















Aug. 4 


47.3 (1) 


178.4 


225.7 (1) 


21.5 


0.8 


94.1 (I) 


13.9 


356 


11 


49.0 (1) 


174.3 


223.3 (,) 


22.2 


0.8 


93.9 (1) 


13.3 


353 


IS 


49.2 (1) 


172.2 


221.4 (1) 


26.2 


0.8 


95.0 a) 


13.3 


356 



(1) Estimates. 



(2) Includes "Other Securities". 



MILLIONS OF DOLLARS 

2450 



CHARTERED BANKS : CANADIAN DEPOSITS 



2350 



MILLIONS OT DOLLARS 

2450 



2250 



2150 



2050 













3AILY AVERAGE FIGURES 










1937-^ 






























,''" 


.«-»■""■"" 


*• •• 




.../ 


/ 


/"' 




^. 





1936— ♦►J 

~7 


s 








^-- 

























2350 



2250 



2150 



JAN. FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC. 



2050 



AUGUST 1937 




















!ANADA 
















Millions of Dollars 


ASSETS 












Reserve 


Securities 


Advances 


All 

Other 

Accounts 




1 


Silver 


Foreign 


Total 


Reserve 


Dom.-Prov. 


Dom.-Prov. 


Total® 




Currencies 


Reserve 


Ratio 


Short 


Long 




























Average of 






















Wednesday Figures 


6 


1.4 


10.3 


166.3 


57.90 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9Mths. 


7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.3 


1.7 


4.1 


1936-12Mths. 


8 


1.8 


10.3 


191.9 


63.29 


30.0 


82.0 


112.0 


3.0 


3.6 


July— 1936 


4 


1.8 


18.9 


200.1 


64.16 


31.3 


80.4 


111.7 


3.0 


5.6 


Aug. 


4 


1.9 


5.3 


186.6 


60.25 


42.3 


86.3 


128.6 


3.0 


3.1 


Sept. 


4 


1.9 


5.1 


186.4 


57.42 


51.8 


93.7 


145.5 


3.0 


3.2 


Oct. 


2 


2.0 


12.3 


193.5 


55.38 


63.0 


100.7 


163.7 


1.0 


7.4 


Nov. 


3 


2.0 


14.6 


195.9 


56.31 


62.2 


99.5 


161.7 


- 


4.4 


Dec. 


5 


2.3 


11.7 


193.5 


56.18 


61.7 


98.0 


159.7 


- 


3.8 


Jan.— 1937 


5 


2.3 


14.7 


196.5 


56.09 


58.7 


102.9 


161.6 


- 


4.6 


Feb. 


2 


2.3 


18.6 


204.1 


58.35 


51.8 


101.8 


153.6 


- 


6.2 


Mar. 


8 


2.4 


16.1 


209.3 


59.29 


50.5 


101.7 


152.2 


- 


3.9 


Apr. 


2 


2.4 


14.1 


204.7 


58.94 


47.7 


101.3 


149.0 


- 


6.6 


May 


5 


2.5 


21.9 


207.9 


60.68 


39.5 


100.2 


143.7 


- 


4.3 


June 





2.5 


18.2 


201.7 


60.55 


33.6 


96.2 


139.8 


— 


4.2 


July 

Wednesdays 


5 


2.5 


22.0 


204.0 


59.64 


36.2 


94.8 


141.0 


- 


11.0 


Aug. 4 


5 


2.6 


22.1 


204.2 


60.02 


40.6 


94.4 


145.0 


- 


4.3 


11 


5 


2.6 


23.9 


206.0 


59.96 


41.9 


93.9 


146.8 


- 


3.9 


18 

























CHARTERED BANKS : RATIO PUBLIC DEMAND TO TIME DEPOSITS 




JUNE 



Millions of Dollars 



AUGUST 1937 

ii— cha; 

Ba 



r: 









LIABILITIES 


p— 




Notes 


Deposits 


Cash 
in 

Canada ' 


Securities 




Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits' 1 * 


Foreign 


Total 
Deposits' 21 


DOM. -PROV. 


O ir 




Short 


Long 


Average of 
Month-end Figures 

1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


]) 


1927 


172 


596 


1,399 


71 


2,079 


349 


2,479 


195 


325 


13 


1928 


177 


678 


1,497 


64 


2,254 


372 


2,703 


205 


334 


13 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


)J 


1930 


159 


623 


1,428 


76 


2,141 


390 


2,607 


197 


316 


]} 


1931 


142 


579 


1,438 


73 


2,103 


333 


2,503 


182 


454 


n 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


i i 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


'A 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


H 


1935 


126 


569 


1,445 


65 


2,108 


348 


2,476 


216 


407 


454 


]| 


1936 

End of 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


't > 


1936— July 


119 


619 


1,494 


62 


2,210 


376 


2,606 


222 


409 


679 




Aug. 


124 


626 


1,503 


46 


2,209 


428 


2,657 


219 


403 


680 


'A 


Sept. 


116 


648 


1,501 


114 


2,301 


406 


2,727 


221 


394 


713 


\ 


Oct. 


118 


664 


1,510 


86 


2,291 


409 


2,723 


227 


462 


635 


l 


Nov. 


116 


680 


1,547 


42 


2,300 


415 


2,734 


259 


425 


633 


: 


Dec. 


109 


682 


1,548 


72 


2,323 


418 


2,773 


235 


469 


647 


: 


1937— Jan. 


109 


644 


1,549 


137 


2,283 


406 


2,788 


241 


470 


639 


l\ 


Feb. 


114 


656 


1,564 


150 


2,319 


421 


2,843 


233 


476 


647 


'<1 


Mar. 


113 


711 


1,584 


75 


2,393 


424 


2,853 


237 


482 


653 


' 


Apr. 


111 


732 


1,583 


67 


2,420 


418 


2,865 


240 


477 


660 


: 


May 


110 


700 


1,573 


99 


2,410 


420 


2,854 


234 


489 


643 


! 


June 


113 


713 


1,570 


96 


2,430 


425 


2,877 


233 


440 


697 


J 5 


July 


113 


667 


1,572 


83 


2,368 


427 


2,819 


226 


429 


697 


1 5 


(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits 


CHARTERED BANKS : TOTAL INVESTMENTS 

MILLIONS OF DOLLARS 

i c nn 


MILLIONS OF DOLLARS 
I tnr> 


IjUU 










MONTH-END FIGURES 












1400 


i 


1937-^ 






1400 




































J 




/ 


.."" 


1936 -^ 




/ 





\ 


,' 
/ 

/ 

t 




1300 






A 




















1300 




4 


/ 




















1200 


v 


/ 






















1200 


/ 
























1100 


























1100 


JAN 


FE 


B 


MAR 




APR. 


MAY 




JUNE 


J 


JLY 


AUG 




SEPT 


OCT 


1 


gov 


t 


)EC 



AUGUST 1937 



D BANKS 

ada 



Millions of Dollars 



ASSETS 




Loans 






CANADA 


ABROAD 


Total 

Assets 


rotal 


Call 


Current 


Current 


Call 


Current 






Public 


Other 










533 


140 


934 


87 


250 


261 


2,864 


521 


186 


1,024 


83 


269 


269 


3,029 


522 


254 


1,178 


105 


267 


262 


3,323 


499 


267 


1,343 


112 


301 


248 


3,528 


472 


227 


1,286 


118 


188 


239 


3,237 


674 


170 


1,124 


147 


109 


205 


3,066 


696 


117 


1,032 


165 


84 


172 


2,869 


841 


102 


907 


147 


92 


148 


2,831 


867 


102 


869 


145 


107 


138 


2,838 


i,044 


82 


829 


134 


72 


146 


2,957 


1,331 


93 


699 


121 


64 


150 


3,145 


1,357 


91 


650 


119 


58 


147 


3,084 


1,355 


91 


657 


118 


59 


155 


3,141 


1,380 


105 


688 


119 


60 


156 


3,205 


1,363 


109 


708 


108 


66 


160 


3,202 


1,316 


116 


693 


108 


75 


156 


3,206 


1,384 


114 


675 


115 


75 


162 


3,242 


1,412 


119 


687 


109 


72 


162 


3,262 


1,422 


119 


692 


113 


68 


168 


3,329 


1,427 


124 


694 


120 


76 


172 


3,337 


[,440 


121 


710 


125 


72 


168 


3,347 


1,438 


117 


728 


125 


77 


161 


3,334 


1,442 


116 


728 


125 


70 


159 


3,359 


1,431 


114 


735 


117 


73 


158 


3,299 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




in 
Canada 01 


Deposits (4) 


Deposits in 


Note 






Canada 


Circulation 151 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


187 


2,079 


9.0 


198 


1927 


193 


2,254 


8.5 


204 


1928 


191 


2,293 


8.3 


205 


1929 


176 


2,141 


8.2 


185 


1930 


169 


2,103 


8.1 


167 


1931 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


225 


2,188 


10.3 


178 


July— 1936 


221 


2,179 


10.2 


184 


Aug. 


219 


2,237 


9.8 


195 


Sept. 


227 


2,267 


10.0 


197 


Oct. 


247 


2,274 


10.9 


194 


Nov. 


238 


2,285 


10.4 


200 


Dec. 


240 


2,302 


10.4 


182 


Jan.— 1937 


238 


2,301 


10.3 


184 


Feb. 


238 


2,347 


10.1 


191 


Mar. 


236 


2,364 


10.0 


193 


Apr. 


239 


2,383 


10.0 


195 


May 


237 


2,374 


10.0 


195 


June 


230 


2,373 


9.7 


199 


July 



Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
Chartered Bank note circulation and Bank of Canada notes in public circulation. 



100% 



CHARTERED BANKS PERCENTAGE DISTRIBUTION OF INVESTMENTS 

MONTH-END FIGURES 




100% 



80% 



60% 



40% 



20% 



AUGUST 1937 



III— SECURITY PRICES 

Bank of Canada 



Dominion of Canada Bonds Payable in Canada Only 
Middle Prices and Yields 





4^% due Nov. 1, 


3% due June 1, 


5% due Oct. 15, 


2]/ 2 % due June 1, 


2% due Nov. 15, 




1948-58 


1950-55 


1943 


1943 


1939 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Average of working 






















days 






















1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.08 


2.08 


101.91 


1.40 


1936— July 


112.43 


3.27 


101.07 


2.91 


115.95 


2.57 


103.30 


1.98 


102.43 


1.25 


Aug. 


113.54 


3.16 


102.43 


2.79 


116.52 


2.47 


103.76 


1.91 


102.84 


1.10 


Sept. 


113.71 


3.13 


101.59 


2.86 


116.55 


2.44 


103.89 


1.88 


102.89 


1.07 


Oct. 


111.88 


3.30 


100.01 


3.00 


114.28 


2.74 


102.56 


2.09 


102.24 


1.26 


Nov. 


112.30 


3.25 


100.49 


2.96 


114.47 


2.69 


101.97 


2.18 


102.01 


1.31 


Dec. 


112.81 


3.20 


101.21 


2.89 


114.88 


2.61 


102.45 


2.09 


102.01 


1.30 


1937— Jan. 


112.39 


3.23 


100.47 


2.96 


114.20 


2.69 


102.15 


2.14 


101.82 


1.34 


Feb. 


110.27 


3.43 


98.38 


3.12 


112.11 


2.98 


101.44 


2.25 


101.38 


1.49 


Mar. 


108.12 


3.64 


95.90 


3.32 


110.91 


3.15 


100.85 


2.35 


101.51 


1.42 


Apr. 


107.78 


3.67 


95.49 


3.33 


111.20 


3.09 


100.47 


2.42 


101.71 


1.32 


May 


108.96 


3.54 


95.62 


3.32 


111.69 


2.98 


100.57 


2.40 


101.53 


1.38 


June 


109.93 


3.44 


96.24 


3.28 


112.38 


2.85 


101.30 


2.27 


101.67 


1.30 


July 


109.99 


3.43 


96.61 


3.25 


112.25 


2.85 


101.56 


2.22 


101.75 


1.23 


Aug. 1-15 


110.39 


3.38 


97.09 


3.22 


112.29 


2.81 


101.63 


2.20 


101.79 


1.19 



6% 



DOMINION OF CANADA DOMESTIC BOND YIELDS 1936 -37 



6% 




34% 



38% 



2 6% 



JULY AUG SEPT. OCT. NOV DEC JAN FEB MAR APR MAY JUNE JULY 



3 4% 



38% 



AUGUST 1937 









III— SECURITY 


PRICES 
















Bank of Canada 












Government Bonds'" 

Middle Prices and Yields 


Treasury Bill Tenders' 4 ' 




Canada 


U. K.< 2 > 


U.S.A.O' 


Canada 


U.K. 


U.S.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 


3 Months 


3 Months 


Months 


Average of Working 




















days 




















1936 


105.67 


3.18 


106.48 


3.06 


103.45 


2.67 


.843 


.595 


.131 


1936— July 


106.75 


3.09 


106.19 


3.08 


103.34 


2.68 


.757 


.581 


.071 


Aug. 


107.99 


2.97 


106.53 


3.06 


103.88 


2.64 


.689 


.526 


.194 


Sept. 


107.65 


3.00 


107.01 


3.03 


104.12 


2.62 


.643 


.520 


.146 


Oct. 


105.95 


3.15 


107.21 


3.01 


103.87 


2.64 


.702 


.539 


.141 


Nov. 


106.40 


3.11 


106.96 


3.02 


105.00 


2.56 


.749 


.526 


.101 


Dec. 


107.01 


3.05 


105.68 


3.11 


105.17 


2.55 


.747 


.906 


.117 


1937— Jan. 


106.43 


3.09 


104.87 


3.16 


105.57 


2.51 


.747 


.526 


.345 


Feb. 


104.33 


3.28 


102.38 


3.33 


105.65 


2.50 


.776 


.520 


.373 


Mar. 


102.01 


3.47 


101.21 


3.41 


104.14 


2.62 


.805 


.521 


.525 


Apr. 


101.64 


3.50 


101.81 


3.37 


101.15 


2.84 


.771 


.527 


.667 


May 


102.29 


3.43 


101.85 


3.37 


101.53 


2.81 


.715 


.509 


.685 


June 


103.09 


3.36 


100.36 


3.47 


101.52 


2.81 


.643 


.701 


.572 


July 


103.30 


3.34 


99.36 


3.52 


102.04 


2.77 


.632 


.504 


.514 


Aug. 1-15 


103.74 


3.30 


99.46 


3.52 


102.46 


2.74 


.636 


.523 


.459 



(1) Average of two long term issues noted on chart below for each country. 

(2) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 
(•» Exempt from "normal" Federal Income and certain State taxes. 

(4) Average successful tender rate of issue on (or nearest date to) 15th of each month. 



COMPARISON OF LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 1936-37 




JULY AUG. 



AUGUST 1937 



Millions of Dollars 



IV— PUBLIC FINANCE 
DOMINION GOVERNMENT 

Compiled from Statements of the Comptroller of the Treasury, and Estimates. 





4 Months ending July 
Cash Basis 


12 Months ending July 
Adjusted Accounting Basis 


Official 
Estimates 
Fiscal Year 

1937-8< 2 > 




1937"' 


1936 


% Change 


1937<» 


1936 


% Change 


Receipts 

Income Tax 


86.3 
53.1 
17.9 
31.2 

10.2 

5.7 

204.4 

.7 
205.1 


72.1 
39.4 
15.5 
26.4 

9.4 

6.0 

168.8 

.3 
169.1 


+20 
+35 
+15 
+18 

+ 9 

- 5 
+21 

+21 


116.6 

166.2 

48.3 

88.5 

35.1 

26.0 

480.7 

8.0 

1.4 

490.1 


96.6 

120.5 

44.9 

75.9 

32.8 

24.5 

395.2 

.5 
395.7 


+21 
+38 
+ 8 
+17 

+ 7 
+ 6 

+22 

+24 


113.0 


Excise Taxes 


173.0 


Excise Duties 


47.5 


Customs Import Duties 


90.0 


Post Office Department 


36.0 


All Other Ordinary Revenue 


25.5 


Total Ordinary Revenue 

Special Receipt from Wheat Board 

Other Special & Capital Receipts & Credits 
Total 1 


485.0 






Expenditures 

Public Debt Charges 


47.9 
9.2 

4.7 

6.5 

18.2 
3.3 

9.7 

25.9 

125.4 

23.3 

.5 

11.3 

1.1 

161.6 

.1 
161.7 


51.9 
S.l 
3.5 

4.8 

18.2 

3.5 

9.1 

25.2 

124.3 

22.5 

.3 

17.5 

1.0 

165.6 

.1 
165.7 


- 8 
+14 
+34 

+35 

- 6 

+ 7 
+ 3 
+ 1 

- 2 

- 2 


137.2 
18.1 
22.4 

24.6 
55.2 
14.3 

32.5 

83.9 

388.2 

44.1 

.4 

71.9 

4.3 

508.9 

18.5 

.6 

528.0 


140.2 
17.4 
16.3 

17.7 
55.9 
13.7 

31.6 

S3. 6 

376.4 

53.2 

1.5 

81.1 

7.2 

519.4 

22.6 

.6 
542.6 


- 2 

+ 4 
+37 

+39 

- 1 
+ 4 

+ 3 

+ 3 

- 2 

- 3 


138 2 


Provincial Subsidies (inch Interim Grants) 
Old Age Pensions Subventions 


19.2 
27 5 


Department of National Defence 

Dept. of Pensions & Nat. Health 

Department of Public Works 


30.1 
57.5 

13 8 


Post Office Department 

All Other Ordinary Expenditure 

Total Ordinary Expenditure .... 

Payments re Deficit — Can. Nat. Rlys. . . 
Ditto — Other Gov't Owned Enterprises 
Relief Grants & Projects 


34.6 
88.5 
415.4 
35.0 
.9 
59.6 


Capital Exp. & Non-Active Loans 

Cumulative Total 


6.3 
517.2 


Special Payments re Wheat and Oats. . . 

Relief Loans to Provs. Written Off 

Other Charges to Consolidated Fund . . . 
Total 2 








Surplus or Deficit (i.e. Diff. of Totals 1 and 2) 


43.4 


3.4 




37.9 


146.9 






Principal Loans or Investments 

To Provinces (Relief Act) 


2.3 

.8 

1.9 

1.0 

.3 

.4 

6.7 


1.8 
6.1 
4.4 
3.3 

.3 
.1 

16.0 




2.5 0) 

.4 

.9 
9.6 
1.0 
1.2 

.4 

5.1 

15.3 


29. (i 

1.8 

14.1 

10.9 

1.5 

.2 

58.1 






To C.N.R. (Refunding Act, etc.) 

To Railways (re Equip. & Special Work) 

To Canadian Farm Loan Board 

To National Harbours Board . . 




Under Dom. Housing Act, 1935 

To Can. Nat. (W.I.) Steamships 

Bank of Canada Stock 

Total 3 




Sum of Totals 1, 2 & 3 ,4) 


36.7 


12.6 




53.2 


205.0 







(1) Subject to revision. 

(2) Including supplementary and special supplementary estimates; estimates of certain relief expenditures in the drought area authorized or to be authorized 

under Governor-General's Warrants are excluded. 

(3) Net reduction, after the $18.5 mm. write-off which was charged to expenditure and included in Deficit, above. 

(4) Details are not available concerning other asset and liability accounts in which the net effect of changes is normally to supply the government with 

cash. The figures in this line therefore do not coincide with changes in funded debt. 



AUGUST 1937 



V— RELIEF RECIPIENTS 

PERSONS AND DEPENDENTS RECEIVING AID TO WHICH THE DOMINION CONTRIBUTED 

March 1937 

Interim Report of the National Employment Commission 



Prince Edward Island . . . 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia 

Dominion 



Employable 



599 

4,847 
1,806 

92,642 
85,214 

20,978 
11,889 
16,635 

24,870 

259,480 



Partly or 

Fully 

Unemployable 



568 
450 
404 

10,925 
23,259 

4,580 
5,369 
3,554 

9,152 

58,261 



Dependents 
(Cols. 1 & 2) 



2,515 
9,906 
4,780 

197,219 
196,242 

47,054 
34,975 
29,419 

38,292 

560,402 



Total 
(Cols. 1,2 & 3) 



3,682 

15,203 

6,990 

300,786 
304,715 

72,612 
52,233 
49,608 

72,314 

878,143 



Farmers 

and 

Dependents 



522 



51,304 
27,621 

24,170 

181,555 

35,349 

10,238 

330,759 



Total 
(Cols. 4 & 5) 



4,204 

15,203 

6,990 

352,090 
332,336 

96,782 

233,788 

84,957 

82,552 

1,208,902 



25% 



20% 



DOMINION RELIEF RECIPIENTS 

PERCENTAGES OE TOTAL POPULATION AS AT MARCH 1937 



25% 



20% 




P.E.I. NS. NB QUE ONT MAN SASK ALTA. B.C. DOMINION 



10 



AUGUST 1937 



VI— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume 

of 

Business 

Index 

1926=100 


PRODUCTION 


Con- 








Gold 


Copper 


Steel 


Auto- 
mobiles 

and 
Trucks 


News- 
print 


Electric 
Power 


struction 
Contracts 
Awarded 


Car- 
loadings 


Employ- 
ment 
Index' 2 ' 




Thousands 
FineOunces 


Thousands 
Short Tons 


Thousands 
Long Tons 


Thousands 


Thousands 
Short Tons 


Millions 
Kilowatt Mrs. 


Millions 
of Dollars 


Thousands 


1926=100 


Average of Months 






















1926 


100.0 


146.2 


5.5 


64.7 


17.1 


157.4 


1008 


31.1 


271.1 


100.0 


1927 


106.1 


154.4 


5.8 


75.7 


14.9 


173.6 


1212 


34.9 


283.1 


105.0 


1928 


117.3 


157.5 


8.4 


102.9 


20.2 


201.2 


1361 


39.3 


308.0 


112.3 


1929 


125.5 


160.7 


10.3 


114.8 


21.9 


227.1 


1497 


48.1 


293.7 


119.2 


1930 


109.5 


175.2 


12.6 


84.1 


12.8 


208.2 


1508 


38.1 


262.0 


112.6 


1931 


93.5 


224.5 


12.2 


56.0 


6.9 


185.6 


1361 


26.3 


214.6 


101.7 


1932 


78.7 


253.7 


10.3 


28.3 


5.1 


159.9 


1338 


11.1 


181.3 


86.4 


1933 


79.7 


245.8 


12.5 


34.2 


5.5 


168.1 


1445 


8.1 


169.3 


84.2 


1934 


94.2 


247.5 


15.2 


63.3 


9.7 


216.5 


1763 


10.5 


193.4 


96.4 


1935 


102.4 


273.7 


17.5 


78.0 


14.1 


229.4 


1950 


13.4 


196.5 


99.8 


1936 


112.2 


310.8 


17.5 


92.9 


13.5 


265.0 


2124 


13.5 


207.9 


104.0 


Monthly 






















1936— May 


107.6 


308.5 


17.5 


94.6 


20.0 


267.1 


2083 


15.0 


190.1 


102.4 


June 


111.1 


316.7 


15.7 


82.2 


16.4 


270.1 


2029 


20. S 


200.8 


100.5 


July 


110.8 


319.5 


14.3 


68.8 


10.5 


274.6 


2021 


17.9 


202.7 


100.9 


1937— May 


122. (u 


340.1 


20.8 (1) 


120.8 


23.5 


309.2 


2301 


24.2 


208. 8 (u 


109.4 


June 


125.6 


344.9 


21.3 (1) 


118.7 


23.8 


310.9 


2255 (1) 


30.4 


214.2 


112.6 


July 








123.0 


17.9 


314.5 


2188 


21.5 


219.3 


114.9 



(1) Revised. 

(2) As at first of month, seasonally adjusted. 



MILLIONS KILOWATT HOURS 

20, 



ESTIMATED FIRM POWER CONSUMPTION 

DAILY AVERAGE FIGURES 



MILLIONS KILOWATT HOURS 

120 



18 



IS 



ONTARIO 




16 




16 



14 



•^ — *, 



14 



12 



10 



QUEBEC 




12 



FEB. MAR APR. MAY JUNE JULY AUG SEPT. OCT.. NOV DEC. 



10 



AUGUST 1937 



11 



Millions of Dollars 



VII— CONSTRUCTION CONTRACTS AWARDED 

Compiled from MacLean Building Reports Limited 





Private Contracts 


Public 
Contracts 
Awarded 


Total 
Con- 
tracts 


Distribution by Areas 




Resi- 
dential 


Industrial 


Business 


Engin- 
eering 


Total 
Private 


Maritime 


Que. 


Ont. 


Western 


Calendar Year Totals 

1926 
1927 
1928 
1929 


109.6 
124.9 
139.2 
128.9 


79.7 
40.0 
63.3 
63.0 


74.3 
112.0 

122.7 
130.8 


25.0 
26.6 
43.8 
99.4 


288.6 
303.5 
369.0 
422.1 


84.3 
115.4 
103.1 
154.6 


372.9 
418.9 
472.1 
576.7 


8.4 

9.5 

36.2 

20.2 


151.9 
133.1 

188.4 
187.8 


141.9 
196.2 
144.2 
215.8 


70.7 

80.1 

103.3 

152.9 


1930 
1931 
1932 


93.3 

81.7 
28.9 


31.5 

14.8 
7.8 


77.3 
26.6 
17.8 


90.3 
51.2 
15.6 


292.4 

174.3 

70.1 


164.6 

141.2 

62.8 


457.0 
315.5 
132.9 


19.4 

16.9 

9.3 


154.7 

106.1 

52.6 


175.5 

125.5 

49.3 


107.4 
67.0 
21.7 


1933 
1934 
1935 
1936 


23.9 
30.6 
36.4 
42.9 


9.1 

8.0 

10.3 

15.0 


14.2 
17.5 
18.1 
21.7 


9.0 
13.1 
22.1 
29.9 


56.2 

69.2 

86.9 

109.5 


41.1 
56.6 
73.4 
53.1 


97.3 
125.8 
160.3 
162.6 


7.2 
10.0 
14.4 
17.9 


32.5 
34.1 
44.5 

45.7 


42.6 
63.4 
70.9 
72.4 


15.0 
18.3 
30.5 
26.6 


12 Months Ending 

July 1937 


55.2 


25.3 


29.6 


18.7 


128.8 


70.0 


198.8 


21.7 


56.6 


89.6 


30.9 


Monthly Totals 

1936— May 
June 
July 


4.5 
5.3 
4.3 


2.3 
2.1 
0.6 


2.2 
2.6 
2.0 


1.7 

1.6 
2.1 


10.7 

11.6 

9.0 


4.3 
9.2 
8.9 


15.0 
20.8 
17.9 


3.2 
5.9 
1.2 


2.3 
3.5 
2.9 


6.2 

8.9 

11.5 


3.3 
2.5 
2.3 


1937— May 
June 
July 


6.5 
6.9 

5.4 


1.5 
7.5 
3.8 


2.7 
4.1 
3.4 


2.9 
2.2 
1.7 


13.6 
20.7 
14.3 


10.5 
9.7 

7.2 


24.2 
30.4 
21.5 


4.9 

1.7 
1.1 


6.2 
8.1 
7.3 


10.0 
17.1 

7.7 


3.1 
3.5 

5.4 



MILLIONS OF DOLLARS 



CONSTRUCTION CONTRACTS AWARDED 



MILLIONS OF DOLLARS 



+ J 

"»,n 








1937 








30 


oU 
















15 






15 




























JAN. 



FEB 



MAR 



APR. 



JUNE 



JULY 



12 



AUGUST 1937 



VIII— WHOLESALE COMMODITY PRICES 

1926 = 100 
CANADA U.K. 

Dominion Bureau of Statistics Board of Trade a) 



U.S.A. 

Bureau of Labour 





Farm 
Products 


Raw 

Materials 


Foods 


Manu- 
factures 


Total 


Average of Mths 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1927 


102.1 


99.9 


99.4 


96.5 


97.7 


1928 


100.7 


97.4 


99.6 


95.0 


96.4 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1930 


82.3 


82.2 


93.1 


87.3 


86.6 


1931 


56.3 


61.9 


70.4 


74.8 


72.1 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


Monthly 

1936-July 


66.3 


69.7 


73.3 


73.3 


74.3 ,2) 


Aug. 


73.3 


73.0 


75.6 


74.8 


76.2 


Sept. 


74.4 


73.9 


75.6 


75.1 


76.4 


Oct. 


76.3 


75.2 


76.4 


75.4 


77.1 


Nov. 


77.1 


75.8 


76.2 


75.5 


77.2 


Dec. 


82.4 


79.3 


77.4 


77.3 


79.7 


1937-Jan. 


86.0 


82.4 


79.4 


78.4 


81.3 


Feb. 


87.0 


83.8 


79.7 


78.8 


82.9 


Mar. 


90.0 


86.8 


79.4 


79.7 


85.5 


Apr. 


91.4 


87.5 


80.7 


80.5 


86.1 


May 


87.8 


85.7 


79.9 


80.0 


85.1 


June 


83.7 


83.3 


80.2 


80.1 


84.6 


July 


92.5 


88.8 


84.2 


82.2 


87.5 



Foods 


Total 


100.0 


100.0 


98.2 


95.6 


98.4 


94.7 


93.9 


92.1 


81.8 


80.7 


72.4 


70.9 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


73.5 


75.5 


76.6 


76.8 


77.7 


77.6 


80.2 


78.8 


79.1 


79.3 


81.2 


81.3 


81.3 


83.0 


80.7 


83.8 


82.4 


86.6 


83.4 


87.9 


83.2 <2) 


89.3 


83.1 


89.3 


84.2 


90.0 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 
(3) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


99.4 


96.5 


96.7 


95.0 


95.4 


105.9 


99.1 


101.0 


95.9 


96.7 


104.9 


97.5 


99.9 


94.5 


95.3 


88.3 


84.3 


90.5 


88.0 


86.4 


64.8 


65.6 


74.6 


77.0 


73.0 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


81.3 


79.8 


81.4 


81.6 


80.5 


83.8 


81.5 


83.1 


82.4 


81.6 


84.0 


81.8 


83.3 


82.3 


81.6 


84.0 


82.1 


82.6 


82.0 


81.5 


85.1 


83.1 


83.9 


82.6 


82.4 


88.5 


85.6 


85.5 


83.8 


84.2 


91.3 


88.1 


87.1 


84.9 


85.9 


91.4 


88.3 


87.0 


85.4 


86.3 


94.1 


90.1 


87.5 


86.4 


87.8 


92.2 


88.7 


85.5 


87.4 


88.0 


89.8 


87.1 


84.2 


87.5 


87.4 


88.5 


86.1 


84.7 


87.7 


87.2 



(1) Adjusted to 1926= 100 from base 1913= 100 in 1926-29 and from base 1930= 100 in 1930 and thereafter. 

(2) Revised. (3) Bureau of Labour Index of Finished Products. 



WHOLESALE PRICES = CANADA U.K. AND USA. 



INDEX 1926-100 



INDEX 1926-100 




AUGUST 1937 



13 



Dollars 



VIII— WHOLESALE COMMODITY PRICES 
CHIEF COMMODITIES 

Dominion Bureau of Statistics 



Annual Average 

1926 
1927 
1928 
1929 

1930 
1931 
1932 

1933 
1934 
1935 
1936 

Monthly 

1936— July 
Aug. 
Sept. 
Oct. 

Nov. 
Dec. 

1937— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 
July 



Wheat 
No. 1 

Northern 

Lake-head 

Ports 



bushel 

1.495 
1.481 
1.348 
1.343 

0.942 
0.587 
0.556 

0.610 

0.748 
0.844 
0.937 

0.934 
1.022 
1.039 
1.109 
1.084 
1.202 

1.247 
1.270 
1.357 
1.389 
1.306 
1.242 
1.456 



Flour 
Manitoba 

First 

Patent 

Montreal 



barrel 

8.82 
8.25 

7.77 
7.93 

7.02 
5.03 
4.81 

5.09 
5.50 
5.43 
6.08 

6.00 
6.40 
6.40 
7.00 
6.60 
7.50 

7.50 

7.60 
7.90 
7.50 
7.40 
7.30 
8.80 



Newsprint 

f.o.b. 
Mills (i) 



short ton 

65.00 
65.00 
63.52 
55.00 

55.24 
53.06 
50.20 

37.12 
32.86 
33.40 
34.23 

34.20 
34.20 
34.20 
34.20 
34.20 
34.20 

36.20 
36.20 
36.20 
36.06 
36.04 
36.12 
36.14 



Lumber 

Fir 
Flooring 
B.C. Mills 



M. bd. ft. 

26.00 
24.25 
26.00 
24.75 

20.00 
16.19 
14.46 

14.25 
14.50 
15.13 

22.21 

23.00 
23.00 
21.50 
20.50 
19.50 
24.00 

27.00 
27.00 
32.25 
32.25 
29.50 
29.50 
28.00 



Copper 

Electrolytic 
Montreal 



cwt. 

15.767 

14.784 
16.402 
19.978 

14.980 

10.006 

7.516 

8.684 
8.220 



10.070 

9.843 
10.117 
10.302 
10.448 
11.000 
11.550 

12.970 
14.618 
17.338 
15.538 
14.858 
14.446 
14.683 



Steel 

Billets 
f.o.b. 
Plant 



long ton 

38.00 
36.67 
36.00 
36.00 

35.00 
34.00 
34.00 

34.00 
34.00 
34.00 
34.17 

34.00 
34.00 
34.00 
34.00 
34.00 
36.00 

36.00 
38.00 
42.00 
42.00 
42.00 
42.00 
42.00 



Cotton 

Raw 
Middling 
Hamilton 



pound 

.194 
.191 
.214 
.199 

.148 
.099 
.085 

.106 
.138 
.138 
.141 

.155 
.143 
.143 
.142 
.140 
.147 

.150 
.153 
.167 
.161 
.155 
.151 
.153 



Sugar 

Granulated 
Montreal 



5.958 
6.261 
5.712 
5.188 

4.754 
4.552 
4.378 

5.823 
5.557 
4.832 
4.626 

4.610 
4.610 
4.610 
4.610 
4.610 
4.610 

4.800 
4.800 
4.990 
4.990 
4.990 
4.990 
5.085 



Coal 

Bituminous 
Nova Scotia 



short ton 

6.083 
6.000 
6.000 
6.000 

6.000 
6.000 
5.813 

5.250 
5.250 
5.250 
5.250 

5.250 
5.250 
5.250 
5.250 
5.250 
5.250 

5.250 
5.250 
5.250 
5.250 
5.250 
5.250 
5.250 



(1) Canadian Currency. 
INDEX 1926-100 

120 



LUMBER 

WHOLESALE PRICES AND VOLUME OF EXPORTS 



INDEX 1926- 100 

120 




14 



AUGUST 1937 



Millions of Dollars 



IX— EXTERNAL TRADE: MERCHANDISE IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





From 


Total 
Imports 


Re-Exports 


Total 
Retained 
Imports 


Excess of 




U.K. 


Other 
British 


U.S.A. 


Other 
Foreign 


Exports 

or Imports 


Calendar Year Totals 


















1926 


165 


49 


669 


125 


1008 


15 


993 


282 


1929 


195 


62 


894 


148 


1299 


26 


1273 


85 


1930 


163 


65 


654 


127 


1009 


20 


989 


103 


1931 


110 


42 


394 


82 


628 


12 


616 


15 


1932 


94 


34 


264 


61 


453 


8 


445 


106 


1933 


98 


35 


217 


51 


401 


6 


395 


213 


1934 


113 


44 


294 


63 


514 


7 


507 


252 


1935 


117 


57 


312 


64 


550 


13 


537 


305 


1936 


123 


66 


370 


76 


635 


13 


623 


447 


12 Months Ending 


















June— 1937 


136 


' 75 


429 


82 


722 


16 


706 


447 


Monthly Totals 


















1936— June 


11.1 


6.3 


34.0 


6.2 


57.6 


0.8 


56.8 


33.5 


July 


10.6 


7.7 


29.5 


6.0 


53.8 


1.1 


52.7 


39.8 


Aug. 


11.1 


5.3 


27.6 


6.3 


50.3 


1.0 


49.3 


43.2 


Sept. 


10.9 


6.0 


29.8 


6.3 


53.0 


0.7 


52.3 


41.8 


Oct. 


12.6 


7.3 


36.1 


9.2 


65.2 


2.0 


63.2 


50.2 


Nov. 


12.5 


7.4 


35.4 


10.9 


66.2 


1.9 


64.3 


56.6 


Dec. 


8.5 


4.9 


32.6 


7.0 


53.0 


1.3 


51.7 


53.1 


1937— Jan. 


9.3 


3.9 


33.2 


5.5 


51.9 


1.2 


50.7 


36.2 


Feb. 


9.2 


3.7 


31.8 


4.0 


48.7 


0.9 


47.8 


27.0 


Mar. 


12.9 


6.1 


44.7 


7.3 


71.0 


1.0 


70.0 


20.8 


Apr. 


10.2 


4.8 


36.7 


5.2 


56.9 


1.4 


55.5 


10.0 


May 


14.5 


8.0 


45.8 


8.4 


76.7 


2.1 


74.6 


28.8 


June 


13.4 


10.2 


45.6 


6.5 


75.7 


1.4 


74.3 


39.6 



COMPARATIVE INCREASES IN EXPORTS AND IMPORTS OVER SAME MONTH IN PREVIOUS YEAR 




JUNC JULY AUG SEPT OCT. NOV. DEC. JAN. FEB MAR APR MAY JUNE JULY 



INCLUDING NON-MONETARY GOLD 



1936 



1937 



AUGUST 1937 



15 



Millions of Dollars 



IX— EXTERNAL TRADE: MERCHANDISE EXPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Merchandise 


Non- 


Monetary Gold 


Total Exports 
including Non- 
Monetary Gold 

(Adjusted for 

changes in 

earmarked 

gold) 




TO 


Total 
Merchandise 


TO 


Net Gold 
Earmarked 




U.K. 


Other 
British 


U.S.A. 


Other 
Foreign 


U.K. 


U.S.A. 


Calendar Year Totals 

1926 


459 


96 


458 


248 


1261 


- 


14 


— 


1275 


1929 


290 


105 


493 


264 


1152 


— 


36 


— 


1188 


1930 


235 


81 


374 


174 


864 


- 


22 


- 


886 


1931 


171 


49 


240 


128 


588 


1 


42 


- 


631 


1932 


178 


39 


159 


114 


490 


- 


61 


- 


551 


1933 


211 


44 


168 


106 


529 


54 


25 


— 


608 


1934 


270 


65 


219 


95 


649 


27 


83 


- 


759 


1935 


303 


74 


262 


86 


725 


11 


106 


- 


842 


1936 


395 


84 


334 


125 


938 


12 


73 


47 


1070 


12 Months Ending 

June— 1937 


417 


94 


373 


131 


1015 


0.4 


108 


30 


1153 


Monthly Totals 

1936— June 


33.3 


7.3 


25.9 


12.1 


78.6 





1.4 


10.3 


90.3 


July 


37.4 


6.9 


29.1 


10.0 


83.4 


0.4 


0.4 


8.3 


92.5 


Aug. 


30.9 


7.7 


33.3 


9.5 


81.4 


- 


11.1 


- 


92.5 


Sept. 


37.2 


7.1 


30.0 


9.5 


83.8 


- 


5.1 


5.2 


94.1 


Oct. 


47.8 


7.9 


33.7 


10.7 


100.1 


- 


10.9 


2.4 


113.4 


Nov. 


50.7 


8.5 


33.0 


15.2 


107.4 


- 


13.5 


- 


120.9 


Dec. 


37.3 


7.4 


35.0 


13.6 


93.3 


- 


4.7 


6.8 


104.8 


1937— Jan. 


30.3 


8.0 


28.1 


10.3 


76.7 


- 


5.6 


4.6 


86.9 


Feb. 


23.6 


6.4 


25.3 


8.7 


64.0 


- 


10.8 


- 


74.8 


Mar. 


30.0 


9.0 


33.9 


10.4 


83.3 


- 


5.0 


2.5 


90.8 


Apr. 


19.5 


7.2 


25.5 


6.3 


58.5 


- 


7.0 


— 


65.5 


May 


34.6 


8.4 


33.6 


12.5 


89.1 


- 


14.3 


— 


103.4 


June 


37.9 


9.6 


32.2 


14.3 


94.0 


— 


19.9 


- 


113.9 



EXTERNAL TRADE 

PERCENTAGE DECREASE IN VALUES FROM 1926 TO 12- MONTHS ENDING JUNE 1937 



20% 



30% 



40% 



50% 



BRITISH EMPIRE - 




OTHER FOREIGN 



USA 



IMPORTS 



10% 



20% 



30% 



40% 



50% 





EXCLUDIf 


-BRITISH EMPIRE 
^^— USA 






OTHER FOREIGN 


EXPORTS 


■JG GOLD \ 







16 



AUGUST 1937 



X— WHEAT: CHIEF EXPORTERS 

Compiled from Dominion Bureau of Statistics Monthly Review of the Wheat Situation; Stanford Food 

Research Institute Wheat Studies; etc. 
Millions of Bushels 









CROr 


* YEARS AUG. 


1 to JULY 31 












1927-28 


1928-29 


1929-30 


1930-31 


1931-32 


1932-33 


1933-34 


1934-35 


1935-36 


in 
1936-37 


(2) 

1937-38 


Canada 
























Surplus Production 


300 


435 


193 


282 


204 


344 


177 


174 


159 


123 


85 


Old Stocks ' 


50 


91 


127 


127 


140 


144 


220 


204 


214 


127 


37 


Total Surplus Supply 


416 


526 


320 


409 


344 


488 


397 


378 


373 


250 


122 


Exports (net) 


325 


399 


193 


269 


200 


268 


193 


164 


246 


213 




Carry-over"' 


91 ' 


127 


127 


140 


144 


220 


204 


214 


127 


37 




U.S.A. 
























Surplus Production 


190 


270 


205 


140 


184 


30 


(75) 


(130) 


(41) 


(58) 


230 


Old Stocks' 4 ' 


111 


115 


232 


294 


329 


391 


382 


274 


148 


138 


95 


Total Surplus Supply 


301 


385 


437 


434 


513 


427 


307 


144 


107 


80 


325 


Exports (net) 


186 


153 


143 


105 


122 


45 


33 


(4) 


(31) 


(15) 




Carry-over' 4 ' 


115 


232 


294 


329 


391 


382 


274 


148 


138 


95 




Australia 
























Surplus Production 


72 


114 


71 


103 


140 


155 


110 


81 


93 


98 


90 


Old Stocks 


35 


30 


41 


49 


00 


50 


55 


85 


57 


47 


38 


Total Surplus Supply 


107 


150 


112 


212 


206 


205 


171 


166 


150 


145 


128 


Exports (net) 


71 


109 


63 


152 


156 


150 


86 


109 


103 


107 




Carry-over 


30 


41 


49 


00 


50 


55 


85 


57 


47 


38 




Argentina 
























Surplus Production 


204 


257 


80 


140 


125 


142 


190 


149 


50 


153 


140 


Old Stocks 


09 


95 


130 


05 


80 


05 


75 


118 


85 


65 


50 


Total Surplus Supply 


273 


352 


216 


205 


205 


207 


265 


267 


135 


218 


196 


Exports (net) 


178 


222 


151 


125 


140 


132 


147 


182 


70 


162 




Carry-over 


95 


130 


05 


80 


05 


75 


118 


85 


65 


50 




Net Exports of 
All Others 


51 


15 


82 


181 


176 


46 


97 


64 


85 


115 




Grand Total 
























Surplus Production of 
Big Four 


820 


1070 


555 


725 


059 


077 


408 


274 


201 


310 


545 


Old Stocks of Big Four 


271 


337 


530 


535 


009 


050 


732 


681 


504 


377 


226 


Surplus Supply of 
Big Four 


1097 


1413 


1085 


1260 


1268 


1327 


1140 


955 


765 


693 


771 


Net Exports from 
all others 


51 


15 


82 


181 


170 


40 


97 


04 


85 


115 




Total Surplus Supply 


1148 


1428 


1167 


1441 


1444 


1373 


1237 


1019 


850 


808 




Total Net Exports 


811 


898 


632 


832 


794 


641 


556 


515 


473 


582 




Carry-over of Big Four 


337 


530 


535 


009 


050 


732 


681 


504 


377 


226 





(1) Preliminary. (2) Estimated. 

(3) Including wheat in U.S.A. (4) Including wheat in Canaada. 






CANADIAN WHEAT 



17 



MILLIONS OF BUSHELS 



MILLIONS OF BUSHELS 

400 




AVERAGE 
1922-23-1929-30 

PRELIMINARY ESTIMATE 



1934-35 



1935-36 



1936-37 



1937-38 






/ 









r 
73 



1 



TATISTICAL SUMMARY 



BANK OF CANADA 



•f rii 



SEPTEMBER 1937 



TABLE OF CONTENTS 



I Bank of Canada ........ 

II Chartered Banks ....... 

III Security Prices: 

1. Gov't Securities, Payable in Canada only 

2. Gov't Securities Payable Abroad, Canada, U.K., and U.S.A. 7 

IV Public Finance: 

Federal Subsidies and Grants-in-Aid to Provinces . 

V Stock Exchange Statistics ...... 

VI Industrial Activity ....... 

VII Wholesale Commodity Prices: 

Canada, U.K., and U.S.A 

VIII Retail Commodity Prices ...... 

IX External Trade : 

1. Imports: Value by Commodities .... 

2. Exports: Value by Commodities .... 

X Foreign Exchange Rates ...... 

XI Employment Indexes ....... 



Tables 
Page 


Charts 
Page 


2-3 


1 


4-5 


2-5 


6 


6 


i. 7 


7 


8-9 


— 


10 


10 


11 


11 


12 


12 


13 


13 


14 


14 


15 


15 


16 


16 


17 


17 



Note: Tables and Charts refer to Canada unless otherwise stated. 

Subscription: $3.00 a year, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



SEPTEMBER, 1937 



BANK OF CANADA 



SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4UU 

350 — 


BANK OF CANADA LIABILITIES 

other accounts *»piv. vyyy/y/fifa&r. 


inn 




Icb^fboa% 
tobbbbobo 

lOpOOOOOO 


oUU 

250 —I 

x5o 
)00< 

)00 

>oo 

)00< 

)bbi 


/ A ' DOM. GOVT^/OC 
^BALANCL>DOOC 

JO O u^n nnnr^r 
/ObbbOO ACTIVE NO 
6000000 CIRCULATK 
OOOOpOOuuuwui 
DOOOOOOOOOOOC 
DOOOOOOOOOOOC 
DOOOOOOOOOOOC 
DOCAOOOOOOOOC/ 


ioooooooo 

)0(DOOOOOO 
(OOOOOOOO 
IOOOOOOOO 
^OOOOOOO 
TE DOOOOOO 
)N )000000 
xjQOOOOOO 
)»pOOOOOO 
)«%XWOO 






OAA^A 






tw^ji 






















































i^nH 






i j\j\ 






























mnHLJr^ 


■"JO* CHARTERED 

Xm cash rese 

] Bank of Canada depo 
■| notes held by chartere 


BANK fOOt 

we OOC 

sits and T M * !• 
j banks |g J| f| 


IUUI M 






















































vtPLJ 






jui m 














































CCiOi&L 






Tynnni 


oEI 






1935 1936 1937 



BANK OF CANADA ASSETS 



OTHER ASSETS 




400 



350 



300 



250 



200 



150 



100 



50 







































SEPTEMBER, 1937 


Millions of Dollars 






i-b;[ 




LIABILITIES 




Chartered Bank Cash 


Govt. 

Deposits 


Other 
Deposits 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


Tota 
Asset 
or 
Liabilit $ 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Wednesday Figures 


















1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


0.7 


48.9 


6.8 


294.( 


1936-12 Mths. 


40.5 


184.7 


225.2 


22.5 


1.0 


64.0 


9.3 


322.< 


1936— Aug. 


38.9 


184.6 


223.5 


23.6 


o.s 


64.0 


8.5 


320.' 


Sept. 


45.6 


172.6 


218.2 


16.1 


0.4 


75.0 


11.6 


321.: 


Oct. 


50.0 


177.5 


227.5 


16.2 


0.2 


80.7 


13.5 


338.: 


Nov. 


47.9 


199.1 


247.0 


20.8 


0.7 


80.9 


16.2 


365.1 


Dec. 


46.2 


192.0 


238.2 


24.1 


2.1 


83.5 


14.1 


362.! 


1937— Jan. 


52.1 


•190.3 


242.4 


22.1 


2.0 


77.9 


12.6 


357.( 


Feb. 


44.0 


194.5 


238.5 


34.6 


1.0 


76.2 


12.4 


362.' 


Mar. 


42.5 


195.8 


238.3 


29.7 


1.6 


80.2 


14.1 


363.! 


Apr. 


46.5 


191.7 


238.2 


31.2 


1.2 


82.4 


12.4 


365.- 


May 


46.4 


193.4 


239.8 


22.0 


1.0 


84.5 


13.0 


360.: 


June 


45.5 


190.3 


235.8 


19.8 


0.6 


86.4 


13.3 


355.! 


July 


49.5 


182.7 


232.2 


13.2 


0.7 


87.0 


12.6 


345. 


Aug. 

Wednesdays 

Sept. 1 


51.4 

48.1 (1) 


175.3 
191.2 


226.7 
239.3" 


24.1 
25.1 


O.S 
0.6 


92.3 
100. 3 ( " 


13.3 

14.2 


357.: 
379.! 


8 


49.5 (1> 


180.7 


230.2" 


32.6 


1.1 


103.0 (1) 


12.9 


379.J 


15 


53.8 (1) 


181.7 


235.5 (1) 


29.9 


1.2 


102.0 (1) 


13.9 


382.! 


22 


53.8 (1) 


182.2 


236.0" 


29.8 


1.5 


105.5'" 


13.2 


386.i 


(1) Estimates. (2) Includes "Other Securities". 








TOTAL ACTIVE NOTE CIRCULATION 






MILLIONS OF DOLLARS — GROSS CHARTERED BANK NOTE CIRCULATION AND 
00^ 


BANK OF CANADA NOTES HELD BY PUBLIC — MILLIONS OF DOLLARS 

lit 




ccO 










MONTHLY AVERAGE OF [ 


3AILY FIGURES 












215 




























215 






























205 




























205 












































1937 ACT 


UAL ^ 
















195 
185 




























195 

185 




















v 

^NORN 


1AL SEASO 


NAL VARI/ 


u-ion'" 
































175 




























175 




DEC. JAN FEB. MAR APR. MAY JUNE 


JULY AUG SEPT. OCT NOV 


DEC 


(1 


) AVERAGE 


DURING 


YE 


ARS 1926-3! 


ON 


DEC. 


936 BASE. 





























SEPTEMBER, 1937 
CANADA 



Millions of Dollars 



ASSETS 




Reserve 


Securities 


Advances 


All 

Other 

Accounts 




iold 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total") 
























Average of 
Wednesday Figures 


34.6 


1.4 


10.3 


166.3 


57.90 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9Mths. 


79.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.3 


1.7 


4.1 


1936-12Mths. 


79.4 


1.8 


18.9 


200.1 


64.16 


31.3 


80.4 


111.7 


3.0 


5.6 


Aug.— 1936 


79 A 


1.9 


5.3 


186.6 


60.25 


42.3 


86.3 


128.6 


3.0 


3.1 


Sept. 


79A 


1.9 


5.1 


186.4 


57.42 


51.8 


93.7 


145.5 


3.0 


3.2 


Oct. 


79.2 


2.0 


12.3 


193.5 


55.38 


63.0 


100.7 


163.7 


1.0 


7.4 


Nov. 


79.3 


2.0 


14.6 


195.9 


56.31 


62.2 


99.5 


161.7 


- 


4.4 


Dec. 


79.5 


2.3 


11.7 


193.5 


56.18 


61.7 


98.0 


159.7 


- 


3.8 


Jan.— 1937 


79.5 


2.3 


14.7 


196.5 


56.09 


58.7 


102.9 


161.6 


- 


4.6 


Feb. 


33.2 


2.3 


18.6 


204.1 


58.35 


51.8 


101.8 


153.6 


- 


6.2 


Mar. 


)0.8 


2.4 


16.1 


209.3 


59.29 


50.5 


101.7 


152.2 


- 


3.9 


Apr. 


S8.2 


2.4 


14.1 


204.7 


58.94 


47.7 


101.3 


149.0 


- 


6.6 


May 


33.5 


2.5 


21.9 


207.9 


60.68 


39.5 


100.2 


143.7 


- 


4.3 


June 


$1.0 


2.5 


18.2 


201.7 


60.55 


33.6 


96.2 


139.8 


- 


4.2 


July 


79.5 


2.6 


23.8 


205.9 


59.83 


40.9 


94.3 


146.2 


- 


5.1 


Aug. 


79.5 


2.6 


25.8 


207.9 


56.89 


56.5 


95.9 


163.4 


_ 


8.2 


Wednesdays 

Sept. 1 


"9.5 


2.6 


28.1 


210.2 


57.29 


55.5 


97.4 


163.9 


- 


5.7 


8 


."9.4 


2.(> 


30.6 


212.6 


57.67 


58.0 


97.2 


166.2 


- 


3.7 


15 


"!>.;> 


2.6 


32.3 


214.4 


57.50 


60.2 


97.4 


168.6 


- 


3.0 


22 



MILLIONS OT DOLLARS 



CHARTERED BANKS i CASH IN CANADA AND CANADIAN DEPOSITS 



MILLIONS OF DOLLARS 





Millions of Dollars 



SEPTEMBER, 1937 



II— CHA 

B, 



Tl 





LIABILITIES 






Notes 


Deposits 


Cash 

in 


Securities 








Dom. 


Canadian 




Total 


DOM.-PROV. 








Demand 


Time 


and Prov. 


Deposits ' 


Foreign 


Deposits 12 ' 


Canada' 3 ' 




Ce 




Short 


Long 


Average of 


















Month-end Figures 
























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


Q 


1927 


172 


596 


1,399 


71 


2,079 


349 


2,479 


195 


325 




1928 


177 


678 


1,497 


64 


2,254 


372 


2,703 


205 


334 


<^ 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


7 


1930 


159 


623 


1 ,428 


76 


2,141 


390 


2,607 


197 


316 


6 


1931 


142 


579 


1,438 


73 


2,103 


333 


2,503 


182 


454 





1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


'6 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 




1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 




1935 


126 


569 


1,445 


65 


2,108 


348 


2,476 


216 


407 


454 




1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 




1936— Aug. 


124 


626 


1,503 


46 


2,209 


428 


2,657 


219 


403 


680 




Sept. 


116 


648 


1,501 


114 


2,301 


406 


2,727 


221 


394 


713 




Oct. 


118 


664 


1,510 


86 


2,291 


409 


2,723 


227 


462 


635 




Nov. 


116 


680 


1,547 


42 


2,300 


415 


2,734 


259 


425 


633 




Dec. 


109 


682 


1,548 


72 


2,323 


418 


2,773 


235 


469 


647 




1937— Jan. 


109 


644 


1,549 


137 


2,283 


406 


2,788 


241 


470 


639 




Feb. 


114 


656 


1,564 


150 


2,319 


421 


2,843 


233 


476 


647 


i< 


Mar. 


113 


711 


1,584 


75 


2,393 


424 


2,853 


237 


482 


653 


ii 


Apr. 


111 


732 


1,583 


67 


2,420 


418 


2,865 


240 


477 


660 




May 


110 


700 


1,573 


99 


2,410 


420 


2,854 


234 


489 


643 


it 


June 


113 


713 


1,570 


96 


2,430 


425 


2,877 


233 


440 


697 


llf 


July 


113 


667 


1,572 


83 


2,368 


427 


2,819 


226 


429 


697 


')." 


Aug. 


111 


686 


1,578 


SO 


2,391 


434 


2,848 


235 


391 


727 





(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposit 



CHARTERED BANKS : CURRENT LOANS TO THE PUBLIC IN CANADA 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 

780 




SEPTEMBER, 1937 










ED BANKS 












nada 














ASSETS 




Loans 






CANADA 


ABROAD 


Total 
Assets 


Total 


Call 


Current 


Current 


Call 


Current 






Public 


Other 








533 


140 


934 


87 


250 


261 


2,864 


521 


186 


1,024 


83 


269 


269 


3,029 


522 


254 


1,178 


105 


267 


262 


3,323 


499 


267 


1,343 


112 


301 


248 


3,528 


472 


227 


1,286 


118 


188 


239 


3,237 


674 


170 


1,124 


147 


109 


205 


3,066 


696 


117 


1,032 


165 


84 


172 


2,869 


841 


102 


907 


147 


92 


148 


2,831 


867 


102 


869 


145 


107 


138 


2,838 


1,044 


82 


829 


134 


72 


146 


2,957 


1,331 


93 


699 


121 


64 


150 


3,145 


1,355 


91 


657 


118 


59 


155 


3,141 


1,380 


105 


688 


119 


60 


156 


3,205 


1,363 


109 


708 


108 


66 


160 


3,202 


1,316 


116 


093 


108 


75 


156 


3,206 


1,384 


114 


675 


115 


75 


162 


3,242 


1,412 


119 


687 


109 


72 


162 


3,262 


1,422 


119 


692 


113 


68 


168 


3,329 


1,427 


124 


694 


120 


76 


172 


3,337 


1,440 


121 


710 


125 


72 


168 


3,347 


1,438 


117 


728 


125 


77 


161 


3,334 


1,442 


116 


728 


125 


70 


159 


3,359 


1,431 


114 


735 


117 


73 


158 


3,299 


1,446 


114 


748 


115 


to 


160 


3,326 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




Canada ' 


Deposits 14 ' 


Deposits in 
Canada 


Note 
Circulation' 5 ' 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


187 


2,079 


9.0 


198 


1927 


193 


2,254 


8.5 


204 


1928 


191 


2,293 


8.3 


205 


1929 


176 


2,141 


8.2 


185 


1930 


169 


2,103 


8.1 


167 


1931 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


221 


2,179 


10.2 


184 


Aug.— 1936 


219 


2,237 


9.8 


195 


Sept. 


227 


2,267 


10.0 


197 


Oct. 


247 


2,274 


10.9 


194 


Nov. 


238 


2,285 


10.4 


200 


Dec. 


240 


2,302 


10.4 


182 


Jan.— 1937 


238 


2,301 


10.3 


184 


Feb. 


238 


2,347 


10.1 


191 


Mar. 


236 


2,364 


10.0 


193 


Apr. 


239 


2,383 


10.0 


195 


May 


237 


2,374 


10.0 


195 


June 


230 


2,373 


9.7 


199 


July 


225 


2,373 


9.5 


203 


Aug. 



4) Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 

5) Chartered Bank note circulation and Bank of Canada notes in public circulation. 



100% 



80% 



CHARTERED BANKS : RATIOS OF TOTAL LOANS AND SECURITIES TO DEPOSITS 

TWELVE -MONTH MOVING AVERAGES CENTERED ON TWELFTH MONTH 



100% 




1927 



1932 



HI— SECURITY PRICES 

Bank of Canada 



SEPTEMBER, 1937 



Dominion of Canada Bonds Payable in Canada Only 
Middle Prices and Yields 





4K% due Nov. 1, 


3% due 


June 1, 


5% due ( 


3ct. 15, 


2V 2 % due 


June 1, 


2% due Nov. 15, 




1948-58 


1950-55 


1943 


1943 


1939 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Average of working 






















days 






















1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


101.91 


1.40 


1936— Aug. 


113.54 


3.16 


102.43 


2.79 


116.52 


2.47 


103.76 


1.91 


102.84 


1.10 


Sept. 


113.71 


3.13 


101.59 


2.86 


116.55 


2.44 


103.89 


1.88 


102.89 


1.07 


Oct. 


111.88 


3.30 


100.01 


3.00 


114.28 


2.74 


102.56 


2.09 


102.24 


1.26 


Nov. 


112.30 


3.25 


100.49 


2.96 


114.47 


2.69 


101.97 


2.18 


102.01 


1.31 


Dec. 


112.81 


3.20 


101.21 


2.89 


114.88 


2.61 


102.45 


2.09 


102.01 


1.30 


1937— Jan. 


112.39 


3.23 


100.47 


2.96 


114.20 


2.69 


102.15 


2.14 


101.82 


1.34 


Feb. 


110.27 


3.43 


98.38 


3.12 


112.11 


2.98 


101.44 


2.25 


101.38 


1.49 


Mar. 


108.12 


3.64 


95.90 


3.32 


110.91 


3.15 


100.85 


2.35 


101.24 


1.52 


Apr. 


107.78 


3.67 


95.49 


3.33 


111.20 


3.09 


100.47 


2.42 


101.71 


1.32 


May 


108.96 


3.54 


95.62 


3.32 


111.69 


2.98 


100.57 


2.40 


101.53 


1.38 


June 


109.93 


3.44 


96.24 


3.28 


112.38 


2.85 


101.30 


2.27 


101.67 


1.30 


July 


109.99 


3.43 


96.61 


3.25 


112.25 


2.85 


101.56 


2.22 


101.75 


1.23 


Aug. 


110.54 


3.37 


97.19 


3.21 


112.35 


2.80 


101.62 


2.20 


101.84 


1.17 


Sept. 1-15 


110.71 


3.34 


97.20 


3.21 


112.19 


2.81 


101.48 


2.22 


101.73 


1.19 






06% 



DOMINION OF CANADA DOMESTIC 



YIELDS 1936-37 



22% 



06% 



1.0% 




34% 



3.8% 



AUG, SEPT. OCT. NOV. . DEC JAN FEB MAR APR MAY JUNE JULY AUG SEPT 



22% 



2.6% 



3.0% 



3.4% 



3 8% 






SEPTEMBER, 1937 



III— SECURITY PRICES 

Bank of Canada 



Government Bonds Payable Elsewhere Than in Canada 
Middle Prices and Yields 





Dominior 


i of Canada 


U.S. Treasury 


United K 


ingdom 


Dominion Guaranteed C.N.R. 




3M% due 


Jan. 15, 


3M%due 


May 1, 


2?£%due 


Mar.15, 


2>Y 2 % due Dec. 1, 


V/ 2 % due Feb. 1, 


iV 2 % due July 1, 




1956-61 


1950-55 »> 


1955- 


60< 2 > 


1952 and after") 


1956 


1957 




Payable in 


Mew York 


Payable in 


London 


Domestic 


Domestic 


Canada, 
New York or London 


Canada or 


"■lew York 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Average of 
Working Days 

1936 


101.51 


3.15 


102.43 


3.03 


102.25 


2.72 


106.02 


3.03 


114.96 


3.44 


113.29 


3.59 


1936— Aug. 


103.09 


3.04 


101.84 


3.08 


102.82 


2.68 


106.11 


3.02 


116.93 


3.31 


115.40 


3.46 


Sept. 


103.22 


3.03 


103.20 


2.96 


103.05 


2.67 


106.42 


3.00 


117.15 


3.29 


116.08 


3.41 


Oct. 


102.45 


3.08 


103.26 


2.95 


102.73 


2.69 


106.61 


2.98 


114.77 


3.45 


114.02 


3.54 


Nov. 


103.36 


3.02 


102.85 


2.99 


103.97 


2.60 


106.66 


2.97 


115.26 


3.41 


114.31 


3.52 


Dec. 


103.39 


3.02 


102.38 


3.03 


104.10 


2.59 


105.51 


3.07 


116.02 


3.36 


115.15 


3.46 


1937— Jan. 


102.12 


3.10 


101.96 


3.07 


104.50 


2.56 


104.62 


3.13 


115.50 


3.39 


114.94 


3.47 


Feb. 


100.43 


3.22 


99.84 


3.26 


104.61 


2.55 


102.29 


3.31 


112.96 


3.55 


112.49 


3.63 


Mar. 


98.70 


3.33 


99.54 


3.28 


103.16 


2.65 


101.30 


3.39 


111.27 


3.67 


110.84 


3.73 


Apr. 


97.97 


3.38 


100.41 


3.21 


100.20 


2.86 


101.80 


3.35 


110.89 


3.69 


110.34 


3.76 


May 


99.06 


3.31 


100.55 


3.20 


100.61 


2.83 


102.01 


3.33 


112.37 


3.59 


111.37 


3.69 


June 


99.41 


3.29 


99.04 


3.32 


100.45 


2.84 


100.61 


3.45 


113.51 


3.51 


112.47 


3.62 


July 


99.46 


3.28 


98.68 


3.35 


100.98 


2.80 


99.59 


3.51 


113.52 


3.50 


112.52 


3.62 


Aug. 


99.92 


3.26 


98.98 


3.33 


100.91 


2.81 


99.50 


3.52 


114.29 


3.45 


113.10 


3.57 


Sept. 1-15 


99.37 


3.29 


99.08 


3.32 


100.07 


2.87 


99.30 


3.53 


113.47 


3.50 


112.81 


3.59 



(1) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

(2) Exempt from Federal Income and certain State taxes. (3) Price in Toronto. 



CANADIAN AND UNITED STATES GOVERNMENT BOND YIELDS IN NEW YORK 1936-37 



2.5% 



25% 



2.7% 



29% 



3 1% 



33% 



35% 



+10% 



PAR 



•1.0% 



2.7% — »* 



*W 



•m "*-\* u± 



•*-- x/ 



r^v^v**^ 



i 



2.9% 



3.1% 



33% 



35% 



+10% 



PAR 



1.0% 



lr/W 



y-W-*% 



vv 



■vv/ 



v^y* 



DOM. OF CANADA 3H% 
DUE JAN 15 1956-61 

PAYABLE IN NEW YORK 










....•••••.•••*•"• 


•,...»•-• .J 


, — CAr 


.IAD IAN DOL 


LAR 1 N NEW 
r r i i «•*•*** 


YORK 


.—. 






























* 


.♦ • " 







AUG SEPT OCT. NOV DEC JAN FEB MAR APR MAY JUNE JULY AUG SEPT 



SUBSIDIES(c) 



SEPTEMBER, 1937 
IV— PUBLIC FINANCE: FEDERAL SUB 

Department of Finani 
Thou 



YEAR(b) 


P.E.I. 


N.S. 


N.B. 


QUE. 


ONT. 


MAN. 


SASK. 


ALTA. 


B.C. 


TOTAL 


1868 


_ 


325 


315 


913 


675 


_ 


_ 


_ 





2,228 


1871 


- 


408 


315 


800 


1,035 


67 


- 


- 


- 


2,625 


1872 


- 


471 


342 


800 


1,036 


67 


- 


- 


214 


2,930 


1874 


281 


550 


465 


959 


1,197 


71 


- 


- 


230 


3,753 


1906 


212 


432 


492 


1,087 


1,339 


609 


1,124 


1,124 


307 


6,726 


1908 


282 


610 


621 


1,687 


2,129 


751 


1,218 


1,213 


522 


9,033 


1920 


382 


637 


638 


1,970 


2,396 


1,471 


1,753 


1,621 


623 


11,491 


1921-25 Av. 


382 


657 


661 


2,199 


2,593 


1,479 


1,788 


1,641 


716 


12,116 


1926 


382 


662 


667 


2,256 


2,643 


1,501 


1,851 


1 ,674 


739 


12,375 


1927 


382 


662 


667 


2,256 


2,643 


1,492 


2.032 


1,644 


739 


12,517 


1928 


507 


1,537 


1,267 


2,256 


2,643 


1,492 


2,032 


1,644 


739 


14,117 


1929 


507 


1,537 


1,267 


2,256 


2,643 


1 ,500 


2,048 


1,657 


739 


14,154 


1930 


507 


1,537 


1,267 


2,256 


2,643 


1,508 


2,063 


1,577 


739 


14,097 


1931 


507 


1,537 


1,267 


2,256 


2,643 


1 ,656 


1,938 


1,670 


739 


14,213 


1932 


507 


1,537 


1,293 


2,592 


2,941 


1,694 


2,113 


1 ,743 


875 


15,295 


1933 


507 


1,519 


1,293 


2,592 


2,941 


1,694 


2,113 


1,743 


875 


15,277 


1934 


507 


1,528 


1,293 


2,592 


2,941 


1,706 


2,129 


1,757 


875 


15,328 


1935 


507 


1,528 


1,293 


2,592 


2,941 


1,717 


2,145 


1,771 


875 


15,369 


1936 


657 


1,953 


1,593 


2,592 


2,941 


1,717 


2,145 


1,771 


2,375 


17,744 


1937 


657 


1,953 


1,593 


2,592 


2,941 


1,703 


2,120 


1,776 


1,625 


16,960 


1938 E 


657 


1,953 


1,593 


2,592 


2,941 


2,453 


3,620 


1,781 


1,625 


19,215 










GRANTS-IN-AID(a) 




















Old Age 


Pensions 












YEAR(b) 


P.E 1. 


N.S. 


N.B. 


QUE. 


ONT. 


MAN. 


SASK. 


ALTA. 


B.C. 


TOTAL 


1928 


_ 


_ 


_ 


_ 


_ 


_ 


_ 


_ 


131 


131 


1929 


- 


- 


- 


- 


- 


243 


191 


- 


399 


833 


1930 


- 


- 


- 


- 


356 


427 


333 


62 


358 


1,536 


1931 


- 


— 


- 


- 


3,517 


653 


586 


320 


581 


5,657 


1932 


- 


- 


- 


- 


6,039 


1,128 


1,185 


646 


1,033 


10,031 


1933 


- 


- 


- 


- 


6,828 


1,362 


1,317 


828 


1,176 


11,511 


1934 


74 


69 


- 


- 


7,086 


1,517 


1,328 


935 


1,304 


12,313 


1935 


129 


1,480 


- 


- 


7,672 


1,656 


1 ,455 


1,071 


1,478 


14,941 


1936 


148 


1,661 


- 


- 


8,677 


1,797 


1,583 


1,224 


1,673 


16,763 


1937 


162 


1,765 


868 


2,345 


9,147 


1,922 


1,706 


1,409 


1,823 


21,147 


1938 E 




















27,500 


Technical Education 


YEAR(b) 


P.E.I. 


N.S. 


N.B. 


QUE. 


ONT. 


\1 \N. 


SASK. 


ALTA. 


B.C. 


TOTAL 


1920 


_ 


_ 


3 


37 


106 


3 


1 


17 


20 


187 


1921-25 Av. 


5 


32 


23 


201 


336 


19 


14 


63 


41 


734 


1926 


7 


31 


94 


299 


348 


19 


20 


73 


53 


944 


1927 


8 


31 


76 


404 


348 


20 


18 


86 


57 


1,048 


1928 


12 


29 


70 


329 


348 


28 


17 


74 


59 


966 


1929 


20 


47 


49 


373 


348 


28 


25 


92 


170 


1,152 


1930 


22 


21 


52 


125 


- 


42 


60 


22 


69 


413 


1931 


31 


73 


50 


— 


— 


39 


198 


- 


- 


391 


1932 


32 


49 


5 


- 


- 


27 


170 


- 


- 


283 


1933 


29 


51 


- 


- 


- 


46 


76 


- 


- 


202 


1934 


12 


48 


- 


- 


- 


23 


46 


- 


- 


129 


1935 


- 


40 


- 


- 


- 


9 


42 


- 


- 


91 


1936 


— 


49 


- 


— 


— 


3 


47 


- 


- 


99 


1937 


- 


32 


- 


- 


- 


22 


22 


- 


- 


76 


1938 E 


— 




— 


— 


— 










100 

- 



SEPTEMBER, 1937 



; AND GRANTS-IN-AID a > TO PROVINCES 

dilor-General' s Reports 

Dollars Employment Offices Co-Ordination 



YEAR(b) 


P.E.I. 


N.S. 


N.B.(d) 


QUE. 


ONT. 


MAN. 


SASK. 


ALTA. 


B.C. 


TOTAL 


1919 


_ 


_ 


_ 


8 


33 


3 


3 


4 


3 


54 


1920 


- 


- 


- 


13 


64 


26 


19 


22 


25 


169 


1921-25 Av. 


- 


6 


5 


16 


77 


28 


25 


26 


29 


212 


1926-35 Av. 


- 


4 


4 


21 


63 


12 


17 


12 


17 


150 


1936 


— 


4 


4 


32 


62 


10 


13 


12 


13 


150 


1937 


- 


4 


4 


31 


62 


10 


13 


11 


15 


150 


1938 E 




















150 



Terminated Grants-in-Aid 



YEAR(b) 



P.E.I. 



N.S. 



N.B. 



QUE. 



ONT. 



MAN. 



SASK 



ALTA 



B.C. 



TOTAL 



1921 
1922 
1923 
1924 
1925 

1926 
1927 
1928 

1921-28 Total 

1914-31 Total 

1920-32 Total 
Total 



UNDER CANADA HIGHWAYS ACT: 1919 



41 
104 
106 
124 

34 

180 
15 



604 

331 

2 
937 



486 

811 

98 

62 

12 



1,469 

918 

101 
2,488 



439 

372 

297 

56 



1,164 



113 

427 

1,144 

1,117 

1,307 

640 



4,748 



295 
1,032 
2,048 
1,377 

840 

182 
50 
53 

5,877 



351 

166 

557 

79 

134 

58 

257 

1,602 



AGRICULTURAL INSTRUCTION 

677 2,640 3,267 776 

COMBATING VENEREAL DISEASES 

441 



63 
1,904 



7,829 



541 
9,685 



115 
2,493 



193 
545 
360 
336 

86 
164 
122 

1,806 

829 

140 
2,775 



211 

415 

60 

792 

1,478 

684 

114 
2,276 



86 
367 
663 
136 



1,252 

699 

115 
2,066 



535 
3,399 
5,855 
4,066 
2,925 

1,649 

347 

1,224 

20,000 

10,821 

1,632 
32,453 



TOTAL SUBSIDIES AND GRANTS-IN-AID(a) 



YEAR(b) 


P.E.I. 


N.S. 


N.B. 


QUE. 


ONT. 


MAN. 


SASK. 


ALTA. 


B.C. 


TOTAL 


1914 


408 


691 


682 


2,129 


2,592 


1,531 


1,686 


1,471 


770 


11,960 


1920 


414 


723 


710 


2,314 


3,106 


1,583 


1,904 


1,733 


744 


13,231 


1921-25 Av. 


493 


1,062 


977 


3,487 


4,431 


1,828 


2,193 


1,836 


1,103 


17,410 


1926 


569 


736 


775 


3,242 


3,270 


1,677 


1,987 


2,184 


818 


15,258 


1927 


405 


724 


757 


2,707 


3,140 


1,591 


2,243 


1,811 


823 


14,201 


1928 


519 


1,596 


1,350 


2,628 


3,138 


1,796 


2,198 


2,530- 


954 


16,709 


1929 


527 


1,614 


1,329 


2,671 


3,084 


1,791 


2,291 


1,769 


1,334 


16,410 


1930 


529 


1,576 


1,327 


2,425 


3,093 


1,995 


2,482 


1,681 


1,192 


16,300 


1931 


539 


1,619 


1,334 


2,300 


6,259 


2,368 


2,745 


2,009 


1,344 


20,517 


1932 


540 


1,596 


1,306 


2,639 


9,079 


2,867 


3,491 


2,407 


1,931 


25,856 


1933 


536 


1,574 


1,297 


2,619 


9,832 


3,113 


3,520 


2,583 


2,066 


27,140 


1934 


593 


1,649 


1,297 


2,623 


10,090 


3,256 


3,517 


2,704 


2,191 


27,920 


1935 


636 


3,052 


1,298 


2,623 


10,678 


3,391 


3,655 


2,853 


2,365 


30,551 


1936 


805 


3,667 


1,597 


2,624 


11,680 


3,527 


3,788 


3,007 


4,061 


34,756 


1937 


819 


3,754 


2,465 


4,968 


12,150 


3,657 


3,861 


3,196 


3,463 


38,333 


1938 E 




















46,965 



(a) Excluding grants-in-aid for relief. For the Dominion's share of relief expenditures see the April number of the Bank of Canada Statistical Summary, page 8. 

(b) Figures are for Dominion fiscal years, here labelled by the calendar year in which they end. The fiscal year closed on June 30th in 1868 to 1907 inclusive and 

thereafter on March 31st. 

(c) Includes allowances for government and legislature, allowances per head of population, allowances in lieu of natural resources, interest on debt allowances, special 

grants and interim subsidies. The payment of $4,584,212.49 together with interest thereon of $238,630.23 made to the province of Manitoba during the fiscal 
year 1930-31 as a readjustment of subsidy in lieu of natural resources from 1870 to 1908 is not included. 

(d) Payments to the province and the municipalities. 
(E) Official estimates. 



10 



SEPTEMBER, 1937 



V— STOCK EXCHANGE STATISTICS 
TORONTO AND MONTREAL STOCK EXCHANGES" 

Stock Exchange Bulletins 







Member Borrowings 




Market Value of 




Common Stock Prices 




Shares 


Traded 




















End of 




Millions 


~>j Dollars 




Millions < 


)/ Dollars 


T.S.E. 
July-Dec. 


ndexes 
1933 = 100 


M.S.E. 
1926 -- 


'ndexes 
= 100 


Value 
$ Mm. 


Number 
Millions 




Toronto 


Montreal 


Duplication 
(2) 


Total 


Toronto 


Montreal 


20 

Golds 


20 

Misc. Mines 


20 

Industrials 


10 

Utilities 


Toronto 


Montreal 


193G— Jan. 


27.6 


17.4 


2.2 


42.8 


4,933 


5,212 


134 


133 


75 


70 


63 


5.4 


Feb. 


26.2 


17.8 


2.0 


42.0 


5,033 


5,355 


131 


141 


77 


73 


65 


5.6 


Mar. 


22.9 


18.9 


2.1 


39.7 


4,896 


5,164 


127 


134 


75 


72 


48 


3.0 


Apr. 


26.8 


19.4 


2.4 


43.8 


4,713 


4,937 


130 


128 


70 


67 


39 


2.7 


May 


29.9 


20.1 


2.9 


47.1 


4,906 


5,073 


139 


130 


72 


68 


53 


7.8 


June 


30.8 


21.0 


2.6 


49.2 


4,967 


5,135 


140 


132 


73 


70 


50 


5.3 


July 


32.2 


20.8 


2.4 


50.6 


5,071 


5,225 


149 


144 


76 


73 


47 


6.4 


Aug. 


33.0 


22.1 


2.7 


52.4 


5,119 


5,330 


141 


143 


76 


71 


46 


12.7 


Sept. 


32.9 


24.5 


3.5 ' 


53.9 


5,344 


5,490 


138 


152 


82 


75 


59 


8.5 


Oct. 


37.2 


26.6 


4.3 


59.5 


5,560 


5,752 


138 


165 


89 


77 


65 


6.1 


Nov. 


40.4 


30.9 


4.4 


66.9 


5,699 


5,880 


147 


180 


101 


79 


90 


9.9 


Dec. 


43.8 


35.7 


5.8 


73.7 


5,912 


6,158 


156 


197 


109 


86 


75 


11.9 


1937— Jan. 


46.8 


39.2 


6.5 


79.5 


6,124 


6,472 


164 


196 


114 


87 


96 


10.0 


Feb. 


45.3 


40.7 


6.0 


80.0 


6,422 


6,787 


159 


211 


113 


90 


94 


10.7 


Mar. 


42.4 


45.7 


7.1 


81.0 


6,319 


6,773 


151 


197 


120 


84 


81 


8.0 


Apr. 


40.1 


41.2 


6.0 


75.3 


5,629 


6,152 <3) 


129 


162 


104 


77 


86 


9.0 


May 


39.9 


37.1 


- 


77.0 


5,746 


6,103 


120 


158 


107 


77 


42 


2.8 


June 


38.6 


37.5 


- 


76.1 


5,544 


5,969 


113 


151 


103 


78 


33 


1.6 


July 


39.7 


37.7 


- 


77.4 


5,831 


6,339 


120 


165 


109 


82 


26 


1.7 


Aug. 


43.1 


38.9 


— 


82.0 


5,787 


6,270 


122 


164 


108 


80 


29 


2.3 



(1) Including their respective Curb Markets. (2) Borrowings which were formerly included in both the Toronto and Montreal figures. (3) Revised. 



INDEX 



COMMON STOCK PRICES 

TORONTO AND MONTREAL STOCK EXCHANGE! INDEXES ADJUSTED TO AUG. 31 .1936- 100 



INDEX 

170 




SEPT. OCT NOV DEC. 

1936 

OJ SEPTEMBER 23,1937 CLOSE 



JAN 



FEB. 



MAR APR 



MAY JUNE 

1937 



SEPT. 



SEPTEMBER, 1937 



11 



VI— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume 

of 

Business 

Index 

1926=100 


PRODUCTION 


Con- 
struction 
Contracts 
Awarded 


Car- 
loadings 


Employ- 
ment 
Index 0) 




Gold 


Copper 


Steel 


Auto- 
mobiles 

and 
Trucks 


News- 
print 


Electric 
Power 




Thousands 
FineOunces 


Thousands 
Short Tons 


Thousands 
Long Tons 


Thousands 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs. 


Millions 
of Dollars 


Thousands 


1926=100 


Average of Months 






















1926 


100.0 


146.2 


5.5 


64.7 


17.1 


157.4 


1008 


31.1 


271.1 


100.0 


1927 


106.1 


154.4 


5.8 


75.7 


14.9 


173.6 


1212 


34.9 


283.1 


105.0 


1928 


117.3 


157.5 


8.4 


102.9 


20.2 


201.2 


1361 


39.3 


308.0 


112.3 


1929 


125.5 


160.7 


10.3 


114.8 


21.9 


227.1 


1497 


48.1 


293.7 


119.2 


1930 


109.5 


175.2 


12.6 


84.1 


12.8 


208.2 


1508 


38.1 


262.0 


112.6 


1931 


93.5 


224.5 


12.2 


56.0 


6.9 


185.6 


1361 


26.3 


214.6 


101.7 


1932 


78.7 


253.7 


10.3 


28.3 


5.1 


159.9 


1338 


11.1 


181.3 


86.4 


1933 


79.7 


245.8 


12.5 


34.2 


5.5 


168.1 


1445 


8.1 


169.3 


84.2 


1934 


94.2 


247.5 


15.2 


63.3 


9.7 


216.5 


1763 


10.5 


193.4 


96.4 


1935 


102.4 


273.7 


17.5 


78.0 


14.1 


229.4 


1950 


13.4 


196.5 


99.8 


1936 


112.2 


310.8 


17.5 


92.9 


13.5 


265.0 


2124 


13.5 


207.9 


104.0 


Monthly 






















1936— June 


111.1 


321. 1 U) 


15.6 


82.2 


16.4 


270.1 


2029 


20.8 


200.8 


100.5 


July 


110.8 


318.1 (1) 


14.3 


68.8 


10.5 


274.6 


2021 


17.9 


202.7 


100.9 


Aug. 


113.5 


330.5 


17.7 


80.2 


4.7 


270.1 


2020 


15.5 


222.0 


101.1 


1937— June 


126. (u 


344.9 


21.3 


118.7 


23.8 


310.9 


2255 


30.4 


214.2 


112.6 


July 


126.5 


347.5 


20.9 


123.0 


17.9 


314.5 


2188 


21.5 


219.3 


114.9 


Aug. 








126:7 


10.7 


318.7 


2198 


24.8 


231.0 


114.9 



(1) Revised. 

(2) As at first of month, seasonally adjusted. 



INDEX '.AVERAGE: 1936 = 100 

200 



INDEX OF CAR LOADINGS 

MONTHLY AVERAGE OF WEEKLY FIGURES 




INDEX: AVERAGE 1936-100 

200 




JFMAMJJASOND JFMAMJJASOND 








TOTAL 


















1937-^ y> 




"""""X 




, 




1936- 


J 




1 [ 



JFMAMJJASOND JFMAMJJASOND 



200 



150 



100 



50 



12 



SEPTEMBER, 1937 



VII— WHOLESALE COMMODITY PRICES 

1926 = 100 



CANADA 

Dominion Bureau of Statistics 



U.K. 

Board of Trade 1 " 



U.S.A. 

Bureau of Labour 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mtlis 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1927 


102.1 


99.9 


99.4 


96.5 


97.7 


1928 


100.7 


97.4 


99.6 


95.0 


96.4 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1930 


82.3 


82.2 


93.1 


87.3 


86.6 


1931 


56.3 


61.9 


70.4 


74.8 


72.1 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


Monthly 












1936-Aug. 


73.3 


73.0 


75.6 


74.8 


76.1 2 


Sept. 


74.4 


73.9 


75.6 


75.1 


76.4 


Oct. 


76.3 


75.2 


76.4 


75.4 


77.1 


Nov. 


77.1 


75.8 


76.2 


75.5 


77.2 


Dec. 


82.4 


79.3 


77.4 


77.3 


79.7 


1937-Jan. 


86.0 


82.4 


79.4 


78.4 


81.3 


Feb. 


87.0 


83.8 


79.7 


78.8 


82.9 


Mar. 


90.0 


86.8 


79.4 


79.7 


85.5 


Apr. 


91.4 


87.5 


80.7 


80.5 


86.1 


May 


87.8 


85.7 


79.9 


80.0 


85.1 


June 


83.7 


83.3 


80.2 


80.1 


84.6 


July 


92.5 


88.3 <2 > 


84.2 


82.2 


87.5 


Aug. 


84.9 


83.7 


82.9 


81.9 


85.6 



Foods 


Total 


100.0 


100.0 


98.2 


95.6 


98.4 


94.7 


93.9 


92.1 


81.8 


80.7 


72.4 


70.9 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


76.6 


76.8 


77.7 


77.6 


80.2 


78.8 


79.1 


79.3 


81.2 


81.3 


81.3 


83.0 


80.7 


83.8 


82.4 


86.6 


83.4 


87.9 


83.2 


89.3 


83.1 


89.3 


84.2 


90.0 


84.0 


89.9 



Farm 


Raw 








Products 


Materials 


Foods 


factures 
(3) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


99.4 


96.5 


96.7 


95.0 


95.4 


105.9 


99.1 


101.0 


95.9 


96.7 


104.9 


97.5 


99.9 


94.5 


95.3 


S8.3 


84.3 


90.5 


88.0 


86.4 


64.8 


65.6 


74.6 


77.0 


73.0 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


83.8 


81.5 


83.1 


82.4 


81.6 


84.0 


81.8 


83.3 


82.3 


81.6 


84.0 


82.1 


82.6 


82.0 


81.5 


85.1 


83.1 


83.9 


82.6 


82.4 


88.5 


85.6 


85.5 


83.8 


84.2 


91.3 


88.1 


87.1 


S4.9 


85.9 


91.4 


88.3 


87.0 


85.4 


86.3 


94.1 


90.1 


87.5 


86.4 


87.8 


92.2 


88.7 


85.5 


87.4 


88.0 


89.8 


87.1 


84.2 


87.5 


87.4 


88.5 


86.1 


84.7 


87.7 


87.2 


89.3 


86.5 


86.2 


88.8 


87.9 



(1) Adjusted to 1926 = 100 from base 1913 = 100in 1926-29 and from base 1930=100 in 1930 and thereafter. 

(2) Revised. (3) Bureau of Labour Index of Finished Products. 



CANADA WHOLESALE COMMODITY PRICES 



INDEX 1926=100 

no 



INDEX 1926=100 




SEPTEMBER, 1937 



13 



Index 1926 = 100 



VIII— RETAIL COMMODITY PRICES 
FOODS'" 

Dominion Bureau of Statistics 





Beef 


Eggs 


Milk 


Butter 


Cheese 


Potatoes 


Bread 


Tea 


Sugar 


Total 
Retail 


Whole- 
sale 


Cost of 
Living 






















Foods 


Foods 


Average of Months 


























1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1927 


107.5 


103.8 


99.2 


103.6 


97.2 


75.8 


101.4 


99.7 


106.4 


98.1 


99.4 


98.4 


1928 


128.8 


102.1 


103.3 


103.1 


103.5 


63.1 


104.1 


99.4 


101.3 


98.6 


99.6 


98.9 


1929 


141.9 


101.1 


100.7 


105.1 


105.0 


68.5 


100.0 


98.2 


93.6 


101.0 


100.0 


99.9 


1930 


138.1 


97.4 


106.7 


90.4 


100.0 


82.1 


100.0 


87.7 


87.2 


98.6 


93.1 


99.2 


1931 


99.4 


71.8 


94.2 


69.1 


78.9 


44.2 


86.5 


76.6 


79.5 


77.3 


70.4 


89.6 


1932 


81.1 


62.8 


82.5 


56.6 


64.8 


33.9 


79.7 


65.3 


75.6 


64.3 


61.5 


81.3 


1933 


70.4 


60.2 


79.2 


57.0 


61.6 


45.6 


75.7 


58.9 


93.6 


63.7 


63.8 


77.5 


1934 


71.7 


63.9 


83.3 


60.4 


62.6 


44.6 


75.7 


70.4 


92.3 


69.4 


69.7 


78.6 


1935 


78.6 


66.7 


87.5 


61.1 


62.6 


38.3 


77.0 


72.7 


82.1 


70.4 


70.4 


79.1 


1936 


78.6 


72.2 


88.9 


63.3 


66.5 


61.3 


80.4 


72.6 


78.5 


73.4 


73.4 


80.7 


Monthly 

1936— Aug. 


79.2 


64.3 


86.7 


62.6 


66.0 


84.9 


81.1 


72.7 


78.2 


74.7 


75.6 


81.0 


Sept. 


77.4 


71.6 


87.5 


66.2 


68.6 


73.0 


82.4 


72.4 


78.2 


75.1 


75.6 


81.1 


Oct. 


76.1 


75.9 


90.0 


65.3 


70.4 


60.7 


82.4 


72.7 


78.2 


74.4 


76.4 


81.1 


Nov. 


75.5 


93.8 


90.0 


63.5 


70.8 


56.7 


82.4 


72.5 


78.2 


75.0 


76.2 


81.4 


Dec. 


74.2 


97.4 


90.8 


65.8 


70.4 


58.3 


83.8 


72.5 


78.2 


75.3 


77.4 


81.7 


1937— Jan. 


76.7 


84.6 


90.0 


67.8 


70.4 


59.9 


83.8 


72.8 


79.5 


75.2 


79.4 


81.6 


Feb. 


81.1 


67.5 


90.0 


69.1 


71.1 


68.5 


83.8 


72.5 


79.5 


75.6 


79.7 


81.7 


Mar. 


80.5 


63.7 


91.7 


66.9 


70.4 


73.6 


85.1 


72.7 


80.8 


75.7 


79.4 


82.0 


Apr. 


85.5 


57.3 


91.7 


68.2 


70.8 


73.4 


86.5 


72.9 


82.1 


76.3 


80.7 


82.2 


May 


93.1 


54.5 


91.7 


68.9 


71.1 


65.7 


86.5 


73.1 


83.3 


76.6 


79.9 


82.8 


June 


98.1 


53.8 


90.0 


63.8 


71.1 


59.5 


90.5 


73.2 


83.3 


76.4 


80.2 


82.7 


July 


101.9 


57.7 


90.0 


64.7 


72.0 


55.6 


90.5 


74.5 


83.3 


77.2 


84.2 


83.0 


Aug. 


95.6 


68.8 


90.0 


68.9 


72.3 


60.7 


90.5 


75.7 


84.6 


79.1 


82.9 


83.6 



(1) Based on average prices in 69 cities. 



INDEX 1926-100 

120 



RETAIL FOOD AND COST OF LIVING INDEXES 



INDEX 1926=100 




14 



SEPTEMBER, 1937 



Millions of Dollars 



IX— EXTERNAL TRADE : MERCHANDISE IMPORTS 
VALUE BY CHIEF COMMODITY CLASSIFICATIONS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Fruits, 
Nuts and 


Sugar 
and 


Rubber 
and 


Petroleum 
Asphalt 


Coal and 
Coke 


Textiles 
and 


Iron 
and 


Machinery 
and 


Non- 
ferrous 


Chemical 




Vegetables 


Products 


Products 


and 

Products 


Products 


Fibres 


Steel 


Vehicles 


Metal 
Products 


Products 


Calendar Year Totals 






















1926 


41 


38 


30 


53 


67 


184 


95 


125 


51 


31 


1929 


50 


28 


23 


78 


64 


199 


134 


208 


91 


40 


1932 


27 


17 


4 


44 


35 


69 


29 


38 


22 


28 


1933 


22 


16 


5 


31 


31 


70 


29 


32 


18 


24 


1934 


26 


17 


10 


41 


40 


84 


42 


52 


26 


28 


1935 


28 


19 


10 


44 


38 


85 


50 


62 


34 


30 


1936 


33 


21 


12 


50 


40 


99 


55 


80 


35 


32 


12 Months Ending 






















July— 1937 


35 


19 


16 


54 


40 


115 


73 


105 


41 


35 


Monthly Totals 






















1936— July 


3.9 


2.6 


1.0 


4.8 


3.3 


7.5 


5.3 


6.0 


3.2 


2.7 


Aug. 


2.2 


1.6 


1.5 


5.5 


2.9 


8.0 


4.6 


4.7 


3.0 


2.5 


Sept. 


2.8 


2.1 


1.0 


5.3 


3.4 


7.8 


4.7 


5.4 


2.5 


2.5 


Oct. 


3.4 


2.3 


1.4 


6.1 


4.2 


9.5 


5.6 


6.7 


3.3 


3.3 


Nov. 


2.7 


2.5 


1.8 


5.6 


3.8 


9.0 


5.8 


6.7 


3.1 


3.7 


Dec. 


2.5 


1.4 


0.7 


2.7 


3.6 


8.7 


4.3 


7.9 


2.7 


2.3 


1937— Jan. 


1.8 


0.6 


1.0 


2.2 


2.9 


9.0 


4.4 


8.9 


2.9 


2.6 


Feb. 


2.1 


0.5 


0.8 


2.1 


2.8 


9.1 


4.3 


8.0 


3.1 


2.2 


Mar. 


3.2 


0.9 


1.5 


2.6 


3.1 


13.5 


6.4 


12.3 


4.0 


3.2 


Apr. 


2.5 


1.1 


0.9 


2.7 


3.0 


8.9 


6.3 


9.6 


3.4 


2.8 


May 


3.7 


1.9 


2.4 


5.4 


3.8 


10.4 


8.9 


13.0 


4.4 


3.7 


June 


4.8 


2.1 


2.2 


6.4 


3.6 


10.7 


8.5 


12.1 


3.8 


3.2 


July 


3.4 


1.8 


1.2 


6.8 


3.5 


9.8 


8.9 


10.0 


4.7 


3.2 


Aug. 























Total 
Merchan- 
dise 
Imports(l) 



1008 

1299 

453 

401 
514 
550 
635 

740 

53.8 
50.3 
53.0 
65.2 
66.2 
53.0 

51.9 
48.7 
71.0 
56.9 
76.7 
75.7 
72.0 
70.0 (2> 



(1) Includes merchandise re-exports. (2) Preliminary. 



MILLIONS OF DOLLARS 



1500 



1200 



MERCHANDISE TRADE BALANCE 



RUNNING 12 -MONTH TOTALS 



MILLIONS OF DOLLARS 



900 



600 



300 





























£x^QQQQ^ 








































• '. > ^^ | , ,nnnx^ 


EXF 
























/ 






















L/g$gS 


















v j$88&$ 

























































1500 



1200 



900 



600 



300 



1925 



1926 



1927 



1928 



1929 



1930 



1931 



1932 



1933 



1934 



1935 



1936 



1937 



SEPTEMBER, 1937 



15 



Millions of Dollars 



IX— EXTERNAL TRADE : MERCHANDISE EXPORTS 
VALUE BY CHIEF COMMODITY CLASSIFICATIONS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Grain 


Fruits, 


Livestock 


. 


Furs 


Non- 


Newsprint 




Machinery 






and 


Nuts and 


Meat and 


y 


and 


ferrous 


and 


Lumber 


and 


Chemical 




Milled 
Products 


Vegetables 


Fish 


Products 


Skins 


MetalsU) 


Wood Pulp 




Vehicles 


Products 


Calendar Year Totals 






















1926 


481 


21 


86 


41 


26 


89 


166 


62 


60 


17 


1929 


333 


18 


68 


28 


31 


154 


192 


49 


74 


22 


1932 


167 


11 


28 


12 


12 


105 


102 


13 


12 


11 


1933 


156 


17 


35 


11 


15 


146 


93 


17 


15 


13 


1934 


175 


16 


50 


9 


17 


200 


108 


26 


28 


14 


1935 


180 


17 


57 


11 


19 


233 


116 


26 


38 


16 


1936 


284 


14 


73 


15 


22 


267 


135 


37 


36 


18 


12 Months Ending 






















July— 1937 


261 


13 


85 


15 


24 


311 


157 


44 


43 


22 


Monthly Totals 






















1936— July 


27.0 


0.8 


6.4 


2.4 


1.2 


21.8 


10.9 


3.2 


3.1 


1.0 


Aug. 


26.1 


0.5 


6.6 


1.9 


1.3 


22.5 


11.7 


3.6 


2.5 


1.2 


Sept. 


26.6 


0.9 


6.1 


1.7 


1.1 


23.1 


12.7 


3.5 


2.5 


1.5 


Oct. 


37.3 


2.7 


6.3 


2.4 


0.8 


25.7 


12.8 


4.0 


2.6 


1.7 


Nov. 


43.9 


2.3 


6.8 


2.3 


0.8 


25.5 


13.1 


3.9 


3.2 


1.6 


Dec. 


29.7 


2.0 


6.7 


1.1 


3.9 


22.1 


12.6 


4.0 


2.9 


1.5 


1937— Jan. 


15.2 


1.5 


7.6 


0.2 


6.0 


21.7 


12.3 


3.3 


3.3 


1.6 


Feb. 


10.1 


0.6 


7.0 


0.2 


2.6 


23.4 


10.6 


2.8 


3.0 


1.7 


Mar. 


10.1 


0.6 


7.9 


0.4 


2.4 


26.7 


14.3 


3.5 


4.8 


2.7 


Apr. 


8.0 


0.3 


5.5 


0.3 


1.2 


18.2 


12.0 


2.5 


3.8 


1.8 


May 


16.6 


0.7 


7.8 


0.7 


1.6 


35.4 


14.4 


3.8 


3.8 


2.5 


June 


21.0 


0.6 


7.8 


1.4 


1.1 


38.3 


15.2 


4.5 


4.6 


2.1 


July 


16.6 


0.6 


8.4 


2.6 


1.4 


28.7 


14.9 


4.3 


5.7 


1.6 


Aug. 























Total 
Merchan- 
dise 
ExportsU) (2) 



1275 

1188 

551 

608 

759 

842 

1070 

1164 

92.5 

92.5 

94.1 

113.4 

120.9 

104.8 

86.9 

74.8 

90.8 

65.5 

103.4 

113.9 

102.5 

101.5 0) 



(1) Exports of Canadian produce. (2) Adjusted for changes in "earmarked" gold. (3) Preliminary. 



!00%f^ 



DISTRIBUTION OF EXPORTS BY VALUE 

CALENDAR YEARS 



RUNNING 12-MONTH TOTALS \r\r\o/ 



80% 




O) INCLUOINC ORAIMS AND MILLED PRODUCTS. FRUITS AND VEGETABLES, LIVESTOCK AND MEATS , DAIRY PRODUCTS AND TISH 



1937 



16 



SEPTEMBER, 1937 



Cents per unit 



X— FOREIGN EXCHANGE RATES 

Federal Reserve Bulletin and Bank of Canada^ 





Sterli 


ng in 


U.S. 1 


Dollar 


Can. 


Dollar 


Sterling in 


French Franc 




Canada 


in Canada 


in New York 


New York 


in New York 






Premium or 




Premium or 




Premium or 




Premium or 




Premium or 


Average of All 




Discount (2) 




Discount (2) 




Discount (2i 




Discount (2) 




Discount (2) 


Working Days 




% 




% 




% 




% 




% 


1928 


487.07 


+ 0.08 


100.09 


+ 0.09 


99.91 


- 0.09 


486.62 


- 0.01 


3.921 


+ 0.08 


1929 


489.34 


+ 0.55 


100.75 


+ 0.75 


99.25 


- 0.75 


485.69 


- 0.20 


3.916 


- 0.05 


1930 


486.98 


+ 0.07 


100.16 


+ 0.16 


99.84 


- 0.16 


486.21 


- 0.09 


3.925 


+ 0.18 


1931 


470.80 


- 3.26 


103.81 


+ 3.81 


96.33 


- 3.67 


453.50 


- 6.82 


3.920 


+ 0.05 


1932 


398.01 


-18.21 


113.52 


+13.52 


88.09 


-11.91 


350.61 


-27.96 


3.928 


+ 0.26 


1933 


460.73 


- 5.33 


108.74 


+ 8.74 


91.96 


- 8.04 


423.68 


-12.94 


5.031 


+28.41 


1934 


498.91 


+ 2.52 


99.00 


- 1.00 


101.01 


+ 1.01 


503.93 


+ 3.55 


6.569 


+67.67 


1935 


492.67 


+ 1.24 


100.50 


+ 0.50 


99.49 


- 0.51 


490.18 


+ 0.72 


6.601 


+68.48 


1936 


497.49 


+ 2.22 


100.06 


+ 0.06 


99.94 


- 0.06 


497.17 


+ 2.16 


6.114 


+56.05 


1936— Aug. 


502.65 


+ 3.29 


100.01 


+ 0.01 


99.99 


- 0.01 


502.58 


+ 3.27 


6.585 


+68.07 


Sept. 


503.90 


+ 3.54 


99.97 


- 0.03 


100.03 


+ 0.03 


504.04 


+ 3.57 


6.341 


+61.85 


Oct. 


489.72 


+ 0.63 


99.97 


- 0.03 


100.03 


+ 0.03 


489.86 


+ 0.66 


4.666 


+ 19.09 


Nov. 


488.17 


+ 0.31 


99.86 


- 0.14 


100.14 


+ 0.14 


488.85 


4- 0.45 


4.647 


+ 18.61 


Dec. 


490.42 


+ 0.77 


99.93 


- 0.07 


100.07 


+ 0.07 


490.78 


+ 0.85 


4.668 


+ 19.15 


1937— Jan. 


490.93 


+ 0.88 


100.03 


+ 0.03 


99.97 


- 0.03 


490.77 


+ 0.85 


4.667 


+ 19.12 


Feb. 


489.53 


+ 0.59 


100.02 


+ 0.02 


99.98 


- 0.02 


489.43 


+ 0.57 


4.656 


+ 18.84 


Mar. 


488.24 


+ 0.33 


99.95 


- 0.05 


100.05 


+ 0.05 


488.53 


+ 0.39 


4.595 


+ 17.28 


Apr. 


490.95 


+ 0.88 


99.86 


- 0.14 


100.14 


+ 0.14 


491.63 


+ 1.02 


4.496 


+ 14.76 


May 


493.13 


+ 1.33 


99.84 


- 0.16 


100.16 


+ 0.16 


493.92 


+ 1.49 


4.477 


+ 14.27 


June 


493.80 


+ 1.47 


100.05 


+ 0.05 


99.95 


- 0.05 


493.55 


+ 1.42 


4.440 


+ 13.33 


July 


497.36 


+ 2.20 


100.13 


+ 0.13 


99.87 


- 0.13 


496.76 


+ 2.08 


3.805 


- 2.88 


Aug. 


498.26 


+ 2.38 


100.01 


+ 0.01 


99.99 


- 0.01 


498.22 


+ 2.38 


3.750 


- 4.29 



<i) All Rates in 1928-35 are noon buying rates; sterling and dollar rates in 1936 and after are noon middle rates. 
(2) Based on pre-1931 pars of $4.86656, $1.00, and 3.9179c. respectively. 



POUND STERLING AND US DOLLAR IN MONTREAL 



+ 4% 



+ 3% 



+ 2% 



PREMIUM OR DISCOUNT 



+ 1% 



+4% 



+ 3% 



+ 2% 




+ 1% 



-1% 



SEPTEMBER, 1937 



17 



Index 1926 = 100 



XI— EMPLOYMENT INDEXES 

Seasonally Adjusted 

Dominion Bureau of Statistics 





Manufact- 
uring 


Mining 


Building 


Logging 


Transpor- 
tation 


Wholesale 

and Retail 

Trade 


Hotels and 
Restaurants 


Total 
Index 


Average of MonthsO 


















1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1927 


103.7 


107.7 


100.0 


111.5 


102.5 


108.3 


100.0 


105.0 


1928 


110.9 


114.7 


108.4 


115.2 


106.2 


116.8 


104.6 


112.3 


1929 


117.0 


120.6 


137.4 


128.2 


109.6 


126.6 


132.5 


119.2 


1930 


107.9 


117.2 


132.1 


100.2 


104.1 


127.7 


122.2 


112.6 


1931 


94.5 


107.0 


101.7 


56.9 


95.0 


123.0 


123.0 


101.7 


1932 


83.6 


98.5 


51.2 


43.1 


84.1 


115.6 


107.3 


86.4 


1933 


81.4 


98.3 


36.3 


74.4 


78.8 


112.3 


102.9 


84.2 


1934 


90.9 


111.9 


48.7 


125.8 


80.3 


118.6 


115.0 


96.4 


1935 


97.9 


124.2 


56.3 


127.0 


81.3 


122.5 


115.7 


99.8 


1936 


103.9 


137.8 


54.0 


143.6 


84.4 


127.5 


120.4 


104.0 


First of Month 


















1936— Aug. 


101.9 


138.6 


49.9 


129.0 


85.8 


127.8 


124.2 


101.1 


Sept. 


103.0 


139.1 


51.9 


126.3 


85.9 


127.2 


124.1 


102.7 


Oct. 


106.1 


143.9 


52.3 


163.6 


83.9 


129.1 


119.9 


105.0 


Nov. 


106.6 


145.4 


52.0 


166.6 


82.8 


130.2 


121.3 


106.6 


Dec. 


108.1 


144.7 


49.3 


183.3 


83.6 


129.0 


119.5 


107.8 


1937— Jan. 


110.9 


144.4 


46.6 


167.1 


84.4 


129.5 


123.3 


111.1 


Feb. 


109.3 


147.7 


41.4 


168.2 


85.4 


131.1 


115.2 


109.9 


Mar. 


109.6 


148.3 


40.9 


155.5 


85.1 


130.5 


115.9 


107.8 


Apr. 


112.1 


151.1 


44.6 


168.4 


84.4 


131.3 


121.6 


109.2 


May 


113.2 


152.6 


49.1 


120.8 


88.0 


130.4 


123.1 


109.4 


June 


114.7 


155.3 


57.7 


142.1 


86.0 


132.8 


123.3 


112.6 


July 


115.9 


155.7 


64.3 


175.4 


87.3 


133.5 


127.4 


114.9 


Aug. 


114.8 


154.5 


66.9 


189.2 


86.2 


133.8 


129.7 


114.9 



SEASONALLY ADJUSTED 



(1) Average of twelve monthly figures, February 1 to January 1. 

EMPLOYMENT IN MANUFACTURING INDUSTRIES 

INDEX 1926=100 

150 

FIRST OF MONTH 

I 

IRON AND STEEL 



INDEX 1926 = 



130 



10 



50 



I 1 

ANNUAL AVERAGE 


J 


L 




/ 


i 




/ 


\ 

\ 




9 

i 
/ 


\ 


TEXTILE PRODUCTS 




I 






* ^*±. 


\ 


2/ i 


2r^> 




f* 




^s» 


// / 




\\i 


/ f 


PULP 


\» ' — 

it 


t A 


AND PAPER— ^\\ 




\» 


t / 




u 


A 




««"<i« 


fl 




1 


i 




t 


i 


IRON AND STEEL— 




f 
I 
t 










i 


| 










^ 


■ 







90 — 



70 




PULP AND PAPER 



1926 "27 '28 '29 '30 '31 '32 '33 '34 '35 '36 



100 

50 



130 



10 



90 



70 



50 



o 

1936 



A M 

1937 



10 



TATISTICAL SUMMARY 



ANK OF CANADA 



NOV i 




%5,T\ W 






OCTOBER 1957 



TABLE OF CONTENTS 



I Bank of Canada ..... 
II Chartered Banks^ ..... 

III Bank Debits . . 

IV Security Prices: 

Gov't Securities: Canada, U.K., and U.S.A. 

V Public Finance: Dominion Government . 

VI Capital Issues ..... 

VII Purchases and Sales of Securities 

VIII Industrial Activity .... 

IX External Trade : 

1. Imports by Volume 

2. Exports by Volume 

X Wholesale Commodity Prices: 
Canada, U.K., and U.S.A. . 

XI Steam Railways: Freight Loaded . 

XII Agriculture: Grains .... 



Tables 
Page 


Charts 
Page 


2-3 


1 


4-5 


2-5 


G 


6 


7 


7 


- 


8 


9 


9 



9 


9 


10 


— 


11 


11 


12 


12 


13 


13 


14 


14 


15 


15 


16-17 


— 



Note: Tables and Charts refer to Canada unless otherwise stated. 

Subscription: $3.00 a year, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



OCTOBER 1937 



BANK OF CANADA 



SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 

400 




15 







1 1 1 1 1 

BANK OF CANADA ASSETS 



Millions of dollars 
1 1 |4C0 



OTHER ASSETS 




Millions of Dollars 












OCTOBER 1937 

i— Bn 




LIABILITIES 




Chartered Bank Cash 


Govt. 

Deposits 


Other 
Deposits 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


Tota 
Asset 
or 
Liabilit i 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Wednesday Figures 

1935- 9 Mths. 
1936-12 Mths. 

1936— Sept. 
Oct. 
Nov. 
Dec. 

1937— Jan. 
Feb. 
Mar. 
Apr. 
May 

June 
July 

Aug. 
Sept. 

Wednesdays 

Oct. 6 
13 
20 


37.2 
40.5 

45.6 
50.0 
47.9 
46.2 

52.1 
44.0 
42.5 
46.5 
46.4 

45.5 
49.5 
51.4 
53.5 

54.4 (1) 
56.2'" 
56.3 ( " 


176.5 

184.7 

172.6 
177.5 
199.1 
192.0 

190.3 
194.5 
195.8 
191.7 
193.4 

190.3 
182.7 
175.3 
183.2 

181.7 
181.8 
189.1 


213.7 
225.2 

218.2 
227.5 
247.0 
238.2 

242.4 
238.5 
238.3 
238.2 
239.8 

235.8 
232.2 
226.7 
236.7 

236.1° 
238.0" 
245.4 (1 > 


23.9 
22.5 

16.1 
16.2 
20.8 
24.1 

22.1 
34.6 
29.7 
31.2 
22.0 

19.8 
13.2 
24.1 

28.7 

32.3 

35.7 
32.2 


0.7 
1.0 

0.4 
0.2 
0.7 
2.1 

2.0 
1.0 
1.6 
1.2 
1.0 

0.6 
0.7 
0.8 
1.0 

0.7 
0.4 
0.7 


48.9 
64.0 

75.0 

80.7 
S0.9 
83.5 

77.9 

76.2 
80.2 
82.4 
84.5 

86.4 

87.0 

92.3 

102.0 

108.6 (1 > 
107.3 (1) 
106.9 (1) 


6.8 
9.3 

11.6 
13.5 
16.2 
14.1 

12.6 
12.4 
14.1 
12.4 
13.0 

13.3 

12.6 
13.3 
13.4 

13.4 
13.5 
13.9 


294.C 
322.C 

321.3 
338.1 
365.C 
362.C 

357.1 
362.7 
363.S 
365.4 
360.3 

355.S 
345.7 
357.2 
381.8 

391.1 
394.S 
399.1 


(1) Estimates. (. 


!) Includes "Other 


Securities". 3) 


Revised. 













CHARTERED BANKS RATIO OF CASH IN CANADA TO DEPOSITS IN CANADA 




1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 IS36 1937 1938 1939 1940- 



OCTOBER 1937 




















CANADA 
















Millions of Dollars 






ASSETS 












Reserve 


Securities 


Advances 


All 

Other 

Accounts 




old 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total® 
























Average of 
Wednesday Figures 


4 6 


1.4 


10.3 


166.3 


57.90 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9Mths. 


9.7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.3 


1.7 


4.1 


1 936-1 2Mths. 


9.4 


1.9 


5.3 


186.6 


60.25 


42.3 


86.3 


128.6 


3.0 


3.1 


Sept.— 1936 


9.4 


1.9 


5.1 


186.4 


57.42 


51.8 


93.7 


145.5 


3.0 


3.2 


Oct. 


9.2 


2.0 


12.3 


193.5 


55.38 


63.0 


100.7 


163.7 


1.0 


7.4 


Nov. 


9.3 


2.0 


. 14.6 


195.9 


56.31 


62.2 


99.5 


161.7 


- 


4.4 


Dec. 


9.5 


2.3 


11.7 


193.5 


56.18 


61.7 


98.0 


159.7 


- 


3.8 


Jan.— 1937 


9.5 


2.3 


14.7 


196.5 


56.09 


58.7 


102.9 


161.6 


- 


4.6 


Feb. 


3.2 


2.3 


18.6 


204.1 


58.35 


51.8 


101.8 


153.6 


- 


6.2 


Mar. 


0.8 


2.4 


16.1 


209.3 


59.29 


50.5 


101.7 


152.2 


- 


3.9 


Apr. 


8.2 


2.4 


14.1 


204.7 


58.94 


47.7 


101.3 


149.0 


- 


6.6 


May 


3.5 


2.5 


21.9 


207.9 


60.68 


39.5 


100.2 


143.7 


- 


4.3 


June 


1.0 


2.5 


18.2 


201.7 


60.55 


33.6 


96.2 


139.8 


- 


4.2 


July 


9.5 


2.6 


23.8 


205.9 


59.83 


40.9 


94.3 


145.6 3 ' 


- 


5.7°' 


Aug. 


9.5 


2.6 


28.6 


210.7 


57.19 


58.7 


96.8 


166.5 


— 


4.6 


Sept. 

Wednesdays 


9.5 


2.6 


27.8 


209.9 


55.59 


69.1 


96.1 


176.2 


- 


5.0 


Oct. 6 


9.4 


2.6 


29.7 


211.7 


55.54 


71.1 


96.3 


178.4 


- 


4.8 


13 


9.5 


2.6 


30.5 


212.6 


55.21 


74.4 


96.9 


182.3 


— 


4.2 


20 



CHARTERED BANKS : RATIO PUBLIC DEMAND TO TIME DEPOSITS 



47% 



45% 



43% \ 



35% 



47% 



45% 



43% 




35% 



FEB. 



AUG. 



SEPT. 



OCT 



NOV. 



DEC. 





















OCTOBER 1937 






















II— CHA 


rii 


Millions of Dollars 


















Ba\eh 




LIABILITIES 








Notes 


Deposits 


Cash 

in 
Canada 01 


Securities 






Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits'" 


Foreign 


Total 
Deposits' 2 ' 


DOM. -PROV. 


o 






Short 


Long 






Average of 






















— 


Month-end Figures 


























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


] 


) 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


] 




1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


4 


> 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


c 

4 


t 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


] 


i 


1935 


126 


569 


1,445 


65 


2,108 


348 


2,476 


216 


407 


454 


] 


i 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


r 

i 


i 


End of 


























1936— Sept. 


116 


648 


1,501 


114 


2,301 


406 


2,727 


221 


394 


713 


c 


i 


Oct. 


118 


664 


1,510 


86 


2,291 


409 


2,723 


227 


462 


635 


C 
L 


> 


Nov. 


116 


680 


1,547 


42 


2,300 


415 


2,734 


259 


425 


633 


r 


Dec. 


109 


682 


1,548 


72 


2,323 


418 


2,773 


235 


469 


647 


t 

4\\ 


1937— Jan. 


109 


644 


1,549 


137 


2,283 


406 


2,788 


241 


470 


639 


£|| 


Feb. 


114 


656 


1,564 


150 


2,319 


421 


2,843 


233 


476 


647 


r 4i 


Mar. 


113 


711 


1,584 


75 


2,393 


424 


2,853 


237 


482 


653 


c 


> 


Apr. 


111 


732 


1,583 


67 


2,420 


418 


2,865 


240 


477 


660 


C 


i 


May 


110 


700 


1,573 


99 


2,410 


420 


2,854 


234 


489 


643 


L 


> 


June 


113 


713 


1,570 


96 


2,430 


425 


2,877 


233 


440 


697 


•- 


> 


July 


113 


667 


1,572 


83 


2,368 


427 


2,819 


226 


429 


697 


2 


i 


Aug. 


111 


686 


1,578 


80 


2,391 


434 


2,848 


235 


391 


727 


c 


> 


Sept. 


108 


714 


1,575 


83 


2,414 


425 


2,862 


233 


404 


716 


: 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 



CHARTERED BANKS: INVESTMENTS OTHER THAN DOMINION AND PROVINCIAL SECURITIES 



MILLIONS OF DOLLARS 

400 



MILLIONS OF DOLLARS 

400 







OCTOBER 1937 










) BANKS 












da 














ASSETS 




Loans 


Total 

Assets 


otal 


CANADA 


ABROAD 


Call 


Current 
Public 


Current 

Othe'- 


Call 


Current 


533 


140 


934 


87 


250 


261 


2,864 


499 


267 


1,343 


112 


301 


248 


3,528 


696 


117 


1,032 


165 


84 


172 


2,869 


841 


102 


907 


147 


92 


148 


2,831 


867 


102 


869 


145 


107 


138 


2,838 


,044 


82 


829 


134 


72 


146 


2,957 


,331 


93 


699 


121 


64 


150 


3,145 


,380 


105 


688 


119 


60 


156 


3,205 


,363 


109 


708 


108 


66 


160 


3,202 


,316 


116 


693 


108 


75 


156 


3,206 


,384 


114 


675 


115 


75 


162 


3,242 


,412 


119 


687 


109 


72 


162 


3,262 


,422 


119 


692 


113 


68 


168 


3,329 


,427 


124 


694 


120 


76 


172 


3,337 


,440 


121 


710 


125 


72 


168 


3,347 


,438 


117 


728 


125 


77 


161 


3,334 


,442 


116 


728 


125 


70 


159 


3,359 


,431 


114 


735 


117 


73 


158 


3,299 


,446 


114 


748 


115 


75 


160 


3,326 


,446 


100 


771 


112 


64 


172 


3,340 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




in 
Canada ' 


Deposits* 4 * 


Deposits in 
Canada 


Note 
Circulation' 51 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


219 


2,237 


9.8 


195 


Sept.- 1936 


227 


2,267 


10.0 


197 


Oct. 


247 


2,274 


10.9 


194 


Nov. 


238 


2,285 


10.4 


200 


Dec. 


240 


2,302 


10.4 


182 


Jan.— 1937 


238 


2,301 


10.3 


184 


Feb. 


238 


2,347 


10.1 


191 


Mar. 


236 


2,364 


10.0 


193 


Apr. 


239 


2,383 


10.0 


195 


May 


237 


2.374 


10.0 


195 


June 


230 


2,373 


9.7 


199 


July 


225 


2,373 


9.5 


203 


Aug. 


235 


2,383 


9.9 


213 


Sept. 



Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
Chartered Bank note circulation and Bank of Canada notes in public circulation. 



MILLIONS OF DOLLARS 

125 



CHARTERED BANKS : CALL LOANS IN CANADA 



MILLIONS OF DOLLARS 




JAN. 



FEB. 



MAR 



APR. MAY 



JUNE 



JULY AUG. 



SEPT. 



OCT. 



NOV. 



DEC. 



OCTOBER 1937 



Millions of Dollars 



III— BANK DEBITS 

Debits at 32 Clearing House Centres 

Dominion Bureau of Statistics 







Quebec 


Ontario 


Prairie 
Provinces 




Canada 




Maritime 
Provinces 


Montreal 


Other 


Toronto 


Ottawa 


Other 


Winnipeg 


Other 


British 
Columbia 


Montreal 
Ottawa 
Toronto 


Other 


Total 






















Winnipeg 






Aver, of Months 


























1926 


50 


761 


65 


684 


156 


160 


323 


168 


163 


1,924 


606 


2,530 


1929 


66 


1,296 


77 


1,143 


167 


236 


399 


261 


244 


3,005 


884 


3,889 


1932 


43 


595 


53 


672 


132 


134 


262 


138 


125 


1,661 


493 


2,154 


1935 


48 


692 


56 


887 


120 


149 


386 


151 


140 


2,085 


544 


2,629 


1936 


52 


846 


66 


1,014 


123 


178 


388 


154 


173 


2,371 


623 


2,994 


Monthly Total 


























1936— Sept. 


52 


803 


50 


1,092 


115 


184 


463 


193 


176 


2,473 


661 


3,134 


Oct. 


56 


921 


110 


1,023 


133 


185 


525 


200 


175 


2,602 


726 


3,328 


Nov. 


63 


987 


101 


1,155 


168 


181 


306 


167 


175 


2,616 


687 


3,303 


Dec. 


57 


989 


70 


1,300 


134 


207 


286 


166 


196 


2,709 


696 


3,405 


1937— Jan. 


66 


980 


52 


1,272 


116 


188 


224 


151 


178 


2,592 


635 


3,227 


Feb. 


45 


826 


56 


1,060 


83 


170 


184 


130 


178 


2,153 


579 


2,732 


Mar. 


78 


1,063 


81 


1,130 


96 


185 


226 


144 


187 


2,515 


675 


3,190 


Apr. 


64 


1,022 


77 


1,249 


116 


202 


299 


166 


181 


2,686 


690 


3,376 


May 


58 


805 


89 


907 


112 


197 


280 


152 


169 


2,104 


665 


2,769 


June 


59 


804 


78 


1,074 


108 


200 


244 


149 


176 


2,230 


662 


2,892 


July 


60 


833 


85 


850 


128 


201 


239 


155 


170 


2,050 


671 


2,721 


Aug. 


58 


794 


82 


890 


80 


180 


216 


136 


177 


1,980 


633 


2,613 


Sept. 


58 


854 


72 


844 


97 


191 


291 


159 


168 


2,086 


648 


2,734 



(l) Total reported Bank Debits have been affected by the existence of the Bank of Canada, chiefly because of a reduction in the Ottawa debits. 



MILLIONS OF DOLLARS 

5000 



BANK DEBITS 

RATIO SCALE 



MILLIONS OF DOLLARS 

5000 




OCTOBER 1937 









IV— SECURITY PRICES 
















Bank of Canada 












Government Bonds' 1 ' 

Middle Prices and Yields 


Treasury Bill Tenders' 4 ' 




Canada 


U. K.<« 


U.S.A."' 


Canada 


U.K. 


U.S.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 


3 Months 


3 Months 


9 Months 


Average of Working 
days 




















1936 


105.67 


3.18 


106.48 


3.06 


103.45 


2.67 


.843 


.595 


.131 


1936— Sept. 
Oct. 
Nov. 
Dec. 


107.65 
105.95 
106.40 
107.01 


3.00 
3.15 
3.11 
3.05 


107.01 
107.21 
106.96 
105.68 


3.03 
3.01 
3.02 
3.11 


104.12 
103.87 
105.00 
105.17 


2.62 
2.64 
2.56 
2.55 


.643 
.702 
.749 
.747 


.520 
.539 
.526 
.906 


.146 
.141 
.101 
.117 


1937— Jan. 
Feb. 
Mar. 
Apr. 
May 


106.43 
104.33 
102.01 
101.64 
102.29 


3.09 
3.28 
3.47 
3.50 
3.43 


104.87 
102.38 
101.21 
101.81 
101.85 


3.16 
3.33 
3.41 
3.37 
3.37 


105.57 
105.65 
104.14 
101.15 
101.53 


2.51 
2.50 
2.62 
2.84 
2.81 


.747 
.776 
.805 
.771 
.715 


.526 
.520 
.521 
.527 
.509 


.345 
.373 
.525 
.667 
.685 


June 
July 
Aug. 
Sept. 


103.09 
103.30 
103.87 
103.72 


3.36 
3.34 
3.29 
3.30 


100.36 
99.36 
99.47 
99.51 


3.47 
3.52 
3.52 
3.52 


101.52 
102.04 
102.00 
101.35 


2.81 
2.77 
2.77 
2.82 


.643 
.632 
.636 
.632 


.701 
.504 
.523 
.496 


.571 

.514 
.459 
.584 


Oct. 1-15 


103.07 


3.35 


100.07 


3.49 


101.46 


2.81 


.696 


.538 


.362 



U> Average of two long term issues noted on chart below for each country. 

(2) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

W) Exempt from "normal" Federal Income and certain State taxes. 

(*) Average yield rate of successful tenders for issue on (or nearest to) 15th of each month. 



24% 



COMPARISON OF LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 1936-37 




SEPT. OCT. NOV. DEC. JAN. FEB. MAR APB. MAY JUNE JULY AUG. SEPT. OCT 



3.6% 



OCTOBER 1937 



MILLIONS OF DOLLARS 



V— PUBLIC FINANCE: DOMINION GOVERNMENT 
CUMULATIVE TOTALS OF REVENUE AND EXPENDITURE 

Public Accounts and Reports of the Comptroller of the Treasury 



MILLIONS OF DOLLARS 




400 



200 



600 



400 



200 





-1 

Fl. 


3CAL YEAR 1936-37 




-•-DEFICIT 




EXPE 


MDITURE ^ ^^ 

_^^^\— REVEN 


UE ( " 










INCREASE IN 
FUNDED DEBT 


-■ 



400 



200 





Fl 


3CAL YEAR 1937-38 






R 


EVENUE 


id 





*- SURPLUS 






^r 


^ 


^ 


EXPENC 


)ITURE° 


I 














600 



400 



200 







APR MAY JUNE JULY AUG. SEPT. OCT. NOV DEC. JAN. FEB. MAR. 
(1) Receipts or Disbursements which correspond to increases or decreases in Active Assets are not includedt 



OCTOBER 1937 



Millions of Dollars 



VI— CAPITAL ISSUES 

Bank of Canada 



DOMINION 


Quarter 


BOND ISSUES" 


TREASURY 
BILLS 

Total 


Dominion 
and C.N.R. 


Provinces 
and H. E. P. C. O. 


Corporations 


Net 

Issues 

Sold or 

Retired 




Municipalities 

and Religious 

Institutions 


Outstanding 


Issues 
Sold 


Issues 
Retired U) 


Issues 
Sold 


Issues 
RdiredW 


Issues 
Sold 


Issues 
ReiiredO.) 


Issues Sold for 


Quarter 


New 
MoneyO) 


Re- 
fundingU) 


(4) 92.7 

120 

120 

120 

150 


1936 
I 

II 
III 
IV 


168.0 
134.7 
100.0 


97.1 

118.7 

31.8 

77.0 


19.6 

21.2 

1.0 

82.0 


12.9 

25.8 

7.6 

13.6 


131.7 (5) 
52.3 
47.3 
35.6 


25.2 
55.6 
62.9 
43.3 


184.1 

8.1 

46.0 

16.3 


9.1 
9.7 
3.1 
3.1 


13.9 
4.2 
3.0 

1.8 




402.7 


324.6 


123.8 


59.9 


266.9 


187.0 


221.9 


25.0 


22.9 


150 
135 
150 


1937 
I 

II 
III 


120.5 

113.5 

14.3 


90.5 

117.0 
2.3 


38.6 
32.5 
27.3 


40.0 

44.0 

8.7 


61.2 
23.1 
21.3 


39.1 
28.6 
33.2 


50.7 

20.5 
18.7 


11.1 
6.1 

4.7 


28.3 

2.9 

.2 




248.3 


209.8 


98.4 


92.7 


105.6 


100.9 


48.9 


21.9 


31.4 



(1) Subject to revision. (2) Not including retirements through Sinking Fund purchases. 

(3) It has been impossible to classify issues of municipalities and religious institutions totalling S4.1 mm in 1936, and $1.2 mm in the first three quarters 
of 1937, between new money and refunding. Such issues have been divided in the same proportions as the known issues in the quarter. 

(4) Total outstanding as at Dec. 31, 1935. (5) Includes $48 mm. of C.P.R. bonds issued to refund Dominion guaranteed bank loans. 



DOMINION, CNR AND PROVINCIAL BONDS ■ DIRECT AND GUARANTEED 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



90 



90 




NET NEW ISSUES OR RETIREMENTS 



10 



OCTOBER 1937 



VII— INTERNATIONAL PURCHASES AND SALES OF SECURITIES" 

Millions of Dollars Dominion Bureau of Statistics 





Total 
Net 


UNITED 


STATES 


UNITED 


KINGDOM 


OTHER COUNTRIES 








Sales 
or 














Total 


Total 




Sales 


Purchases 


Sales 


Purchases 


Sales 


Purchases 


Sales 


Purchases 




Pur- 
chases 


to 


From 


To 


From 


To 


From 






Total Jan. to Auft. 1937 




















Canadian Bonds 




















Dominion 


5.3 


19.7 


15.6 


1.2 


0.5 


1.1 


0.5 


21.9 


16.6 


Dominion Guaranteed 


2.0 


6.2 


3.9 


0.7 


1.1 


0.3 


0.1 


7.1 


5.2 


Provincial 


7.1 


5.5 


12.5 


0.3 


0.4 


- 


0.1 


5.8 


12.9 


Municipal 


2.2 


2.7 


4.6 


0.4 


0.6 


- 


— 


3.0 


5.2 


Other Railway & Corp'n 


2.7 


11.1 


16.7 


7.5 


6.2 


2.9 


1.2 


21.4 


24.0 


SUB-TOTAL 


4.7 


45.1 


53.3 


9.9 


8.7 


4.3 


1.9 


59.3 


64.0 


United States Bonds 




















Government 


3.9 


3.7 


7.7 


- 


- 


- 


— 


3.7 


7.7 


Other 


3.7 


3.1 


6.9 


0.1 


0.1 


0.1 


- 


3.3 


7.0 


SUB-TOTAL 


7.6 


6.8 


14.6 


0.1 


0.1 


0.1 


- 


7.0 


14.6 


United Kingdom Bonds 




















Government 


2.8 


- 


0.1 


3.0 


0.2 


- 


0.1 


3.1 


0.3 


Other 


0.3 


0.1 


- 


0.4 


0.8 


0.1 


- 


0.5 


0.8 


SUB-TOTAL 


2.5 


0.1 


0.1 


3.4 


1.0 


0.1 


0.1 


3.6 


1.2 


Other Countries' Bonds 


1.6 


3.1 


1.9 


0.6 


0.4 


0.3 


0.1 


4.0 


2.4 


Unspecified Bonds 


1.6 


16.9 


16.7 


2.5 


1.2 


0.1 


0.1 


19.5 


17.9 


TOTAL BONDS 


6.6 


72.0 


86.6 


16.6 


11.4 


4.9 


2.1 


93.4 


100.1 


Common & Pref. Shares 




















Canadian 


7.0 


52.5 


74.5 


55.4 


46.8 


12.9 


6.5 


120.8 


127.8 


United States 


1.7 


137.3 


136.5 


1.4 


0.5 


0.3 


0.3 


138.9 


137.3 


United Kingdom 


0.1 


0.1 


0.4 


1.0 


0.5 


- 


— 


1.1 


1.0 


Other Countries 


0.1 


0.5 


0.5 


- 


- 


- 


- 


0.6 


0.5 


TOTAL SHARES 


5.2 


190.4 


212.0 


57.7 


47.8 


13.2 


6.8 


261.4 


266.6 


Short-Term Securities' 2 ' 


1.8 


- 


- 


5.0 


3.3 


- 


- 


5.1 


3.3 


Other Securities 


1.3 


0.5 


- 


0.3 


- 


0.5 


- 


1.3 


- 


TOTAL SECURITIES 


8.8 


262.9 


298.6 


79.7 


62.4 


18.6 


8.9 


361.2 


369.9 



Monthly Totals 




















1936— Aug. 


8.8 


21.5 


29.6 


1.6 


2.6 


0.8 


0.4 


23.9 


32.6 


Sept. 


3.7 


24.1 


27.4 


5.3 


6.2 


1.1 


0.7 


30.5 


34.2 


Oct. 


11.5 


25.8 


42.8 


10.9 


6.2 


2.2 


1.4 


38.9 


50.4 


Nov. 


13.4 


56.8 


47.6 


10.2 


7.5 


2.6 


1.1 


69.6 


56.2 


Dec. 


6.6 


38.8 


46.7 


11.1 


11.0 


2.2 


1.0 


52.1 


58.7 


1937— Jan. 


5.9 


42.9 


54.7 


13.0 


8.8 


3.3 


1.5 


59.1 


65.1 


Feb. 


13.0 


49.3 


45.7 


16.5 


9.3 


3.3 


1.2 


69.2 


56.2 


Mar. 


3.7 


48.4 


50.6 


15.1 


10.5 


3.0 


1.7 


66.5 


62.8 


Apr. 


11.6 


39.1 


52.3 


11.1 


10.6 


2.7 


1.8 


52.9 


64.6 


May 


2.0 


20.1 


24.3 


5.6 


3.9 


1.1 


0.7 


26.8 


28.9 


June 


2.4 


18.5 


22.5 


6.3 


5.8 


1.7 


0.7 


26.6 


28.9 


July 


2.9 


18.0 


20.9 


6.4 


7.5 


1.7 


0.7 


26.1 


29.0 


Aug. 


0.5 


26.5 


27.6 


5.7 


6.1 


1.7 


0.7 


34.0 


34.4 



(1) Each figure lias been taken to tlie nearest multiple of one hundred thousand dollars. Totals therefore do not always equal the sum of their 

constituent parts. 

(2) Originally issued for a term of one year or less. 



OCTOBER 1937 



11 



VIII— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 
Volume 


PRODUCTION 


Con- 
struction 


Car 


Employ- 










Auto- 








of 

Business 

Index 

1926 = 100 


Gold 


Copper 


Steel 


mobiles 

and 
Trucks 


News- 
print 


Electric 
Power 


Contracts 
Awarded 


Loadings 


Index"' 
1926 = 100 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Long Tons 


Thousands 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs. 


Millions 
of Dollars 


Thousands 




Annual TotalsU) 

1926 


100.0 


1,754 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1927 


106.1 


1,853 


70 


908 


179 


2,083 


14,549 


419 


3,397 


105.0 


1928 


117.3 


1,891 


101 


1,235 


242 


2,414 


16,338 


472 


3,696 


112.3 


1929 


125.5 


1,928 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1930 


109.5 


2,102 


152 


1,010 


153 


2,498 


18,094 


457 


3,144 


112.6 


1931 


93.5 


2,694 


146 


672 


83 


2,227 


16,331 


316 


2,575 


101.7 


1932 


78.7 


3,044 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


2,949 


150 


410 


66 


2,017 


17,339 


97 


2,032 


84.2 


1934 


94.2 


2,970 


182 


759 


117 


2,598 


21,160 


126 


2,321 


96.4 


1935 


102.4 


3,285 


210 


936 


173 


2,753 


23,405 


160 


2,358 


99.8 


1936 


112.2 


3,748 


211 


1,114 


163 


3,180 


25,394 


163 


2,494 


104.0 


Monthly 

1936-July 


110.8 


321.1°' 


14.3 


68.8 


10.5 


274.6 


2,021 


17.9 


202.7 


100.9 


Aug. 


113.5 


330.5 


17.7 


80.2 


4.7 


270.1 


2,020 


15.5 


222.0 


101.1 


Sept. 


120.0 


332.4 


18.1 


86.1 


4.7 


269.8 


2,041 


16.6 


251.3 


102.7 


1937-July 


126.5 


347.5 


20.9 


123.0 


17.9 


314.5 


2,188 


21.5 


219.3 


114.9 


Aug. 


123.4 


348.5 


22.3 


126.7 


10.7 


318.7 


2,198 


24.8 


231.0 


114.9 


Sept. 








114.6 


4.4 


312.4 


2,195 


21.7 


262.0 


118.1 



(1) As at first of month, seasonally adjusted. 
(3) Revised. 



(2) Average of months in case of Physical Volume of Business and Employment Indexes. 



NEWSPRINT 1937 ; PERCENTAGE INCREASES FROM SAME MONTH IN 1936 

Dominion Bureau of Statistics and American Newspaper Publishers Association 



40% 



20% 




80% 



60% 



40% 



20% 



JAN FEB MAR APR. MAY JUNE JULY 

(1) Figures for the 431 United States Publishers covered by American Newspaper Publishers Association reports. 



AUG. 



SEPT. 



12 



OCTOBER 1937 



IX— EXTERNAL TRADE: VOLUME OF IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Sugar 


Tea 


Coffee 


Raw 
Cotton 


Raw 
Wool 


Petroleum 
Oils 


Crude 
Rubber 


Coal 


Tin 
Plate 


Structural 
Iron 
and 
Steel 


Index«> 

Volume 

of 

Total 




Pounds 
Millions 


Pounds 
Millions 


Pounds 
Millions 


Pounds 
Millions 


Pounds 
Millions 


Gallons 
Millions 


Pounds 
Millions 


Short tons 
Millions 


Short tons 
Thousands 


Short tons 
Thousands 


Imports 

1926 = 100 


Calendar Year Totals 

1926 


1161 


38 


25 


135 


15 


766 


45 


17 


75 


203 


100 


1929 


951 


39 


29 


136 


12 


1359 


80 


18 


82 


381 


137 


1932 


868 


40 


31 


97 


9 


1115 


47 


12 


40 


31 


64 


1933 


790 


39 


34 


120 


14 


1119 


43 


11 


81 


19 


55 


1934 


860 


39 


35 


144 


15 


1206 


64 


13 


85 


32 


67 


1935 


901 


35 


35 


121 


15 


1293 


60 


12 


81 


43 


70 


1936 


1041 


40 


41 


150 


23 


1378 


62 


13 


94 


53 


79 


12 Months Ending 

Aug.— 1937 


929 


40 


39 


165 


26 


1468 


70 


14 


108 


74 


85 


Monthly Totals 

1936— Aug. 


85.4 


2.1 . 


2.2 


7.0 


.7 


155.3 


8.5 


1.0 


8.6 


4.8 


74 


Sept. 


109.0 


2.9 


3.0 


9.2 


1.1 


151.8 


5.4 


1.1 


6.1 


5.7 


78 


Oct. 


119.8 


3.9 


2.6 


16.5 


1.2 


172.5 


6.9 


1.4 


7.6 


6.1 


96 


Nov. 


122.4 


3.4 


4.7 


21.1 


1.5 


159.0 


9.6 


1.2 


12.8 


4.8 


97 


Dec. 


67.3 


3.5 


2.5 


20.8 


1.5 


70.1 


2.7 


1.3 


4.7 


3.4 


75 


1937— Jan. 


25.8 


3.4 


3.3 


15.1 


1.7 


67.0 


3.7 


1.0 


5.5 


4.2 


72 


Feb. 


26.7 


2.6 


3.2 


12.1 


2.7 


57.6 


2.8 


0.9 


4.5 


2.8 


67 


Mar. 


49.3 


4.9 


4.3 


15.5 


4.1 


58.6 


5.9 


1.2 


4.7 


7.8 


91 


Apr. 


53.1 


3.1 


2.5 


8.7 


3.4 


65.3 


3.0 


1.0 


11.1 


7.1 


72 


May 


86.1 


2.8 


4.5 


15.3 


1.8 


144.8 


9.4 


1.4 


14.0 


6.5 


98 


June 


86.9 


3.1 


2.8 


13.3 


4.3 


169.2 


8.5 


1.1 


12.6 


7.1 


97 


July 


76.5 


2.9 


3.3 


12.3 


1.2 


179.4 


4.4 


1.1 


12.5 


10.7 


92 


Aug. 


105.7 


3.0 


2.3 


5.2 


1.6 


172.8 


7.9 


1.3 


11.7 


7.4 


90 


Sept. 






















91 (2) 



(l) Index of Total Import Values divided by D. B. S. Import Price Index. (2) Preliminary. 



MERCHANDISE IMPORTS : INDEXES OF VALUE. PRICE AND VOLUME 



IHU 






4 


CALENDAR YEAR TOTALS* 












\ 














* 


\ 






















/ 


\ 




















4 


''/ 


















nn 




A 




\ \ 
















\cU 




// 




\ 1 


t 


















/ 






\ 
















A 








\ 


-VOLUME 


* 










100 




























i \ 
























\ \ 






















k 


\ \ 






















N\ 


\ \ 






















\ 


\ \ 

\ 1 


i 












80 












\ 

A 


PRICE 


















\ 
\ 


OF STATISTICS 






r^^ 














\ 










• 








VAL 


to 




\ 


l| 


/ 


>~~ 


•» 


t 




UE 




60 






DOMINION BUREAU 




V 


/ 




















\ 


/ 

t 







926 1927 1928 1929 

( 

INDCXm DIVIDED BY INDEX (2) 
^ AVERAGES IN THE CASE OF 'PRICE" 



1933 



1934 



1935 1936 J F 




M A M J J AS 
1936 



O N 



DJ FMAMJJASOND 
1937 



OCTOBER 1937 



13 



IX— EXTERNAL TRADE: VOLUME OF EXPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 

























Index"' 




Wheat 




Bacon 




Newsprint 








Auto- 


Non- 


Volume 




and 


Fish 


and 


Cheese 


and 


Lumber 


Nickel 


Copper 


mobiles 


Monetary 


of 




Flour 




Hams 




Wood 
Pulp 








and 
Trucks 


Gold 


Can. 
Exports 




Bushels 


Pounds 


Pounds 


Pounds 


Short tons 


Board Feet 


Short tons 


Short tons 




Fine ounce 






Millions 


Millions 


Millions 


Millions 


Thousands 


Millions 


Thous'ds 


Thous'ds 


Thousands 


Thousands 




Calendar Year Totals 
























1926 


297 


435 


93 


135 


2738 


2132 


32 


59 


74 


677 


100 


1929 


254 


417 


29 


93 


3346 


1755 


55 


124 


102 


1742 


101 


1932 


251 


258 


36 


87 


2229 


674 


16 


133 


13 


2602 


79 


1933 


217 


303 


73 


74 


2447 


1018 


44 


124 


20 


2771 


86 (2) 


1934 


191 


288 


120 


61 


3020 


1368 


59 


156 


43 


3143 


98 


1935 


188 


323 


125 


56 


3237 


1337 


71 


199 


64 


3343 


106 


1936 


265 


321 


158 


82 


3748 


1750 


87 


206 


56 


3771 


125 


12 Months Ending 
























Aug. 1937 


180 


347 


200 


88 


4201 


1907 


105 


213 


67 


4081 


117 


Monthly Totals 
























1936— Aug. 


22.9 


30.6 


11.9 


10.1 


327.9 


168.4 


5.9 


20.0 


3.4 


318 


123 


Sept. 


22.4 


34.5 


11.4 


9.9 


349.6 


160.6 


8.0 


16.9 


3.5 


295 


125 


Oct. 


29.0 


33.1 


14.1 


15.8 


348.1 


185.3 


6.6 


21.8 


2.9 


382 


146 


Nov. 


35.2 


46.0 


15.9 


15.1 


361.1 


173.5 


7.5 


18.9 


5.1 


388 


157 


Dec. 


22.6 


36.1 


18.0 


6.2 


345.8 


184.1 


8.0 


17.2 


3.9 


329 


131 


1937— Jan. 


11.2 


41.9 


17.1 


0.6 


336.5 


156.9 


7.5 


13.9 


5.3 


291 


105 


Feb. 


6.9 


32.7 


16.9 


0.7 


280.0 


120.9 


8.0 


13.3 


4.4 


309 


88 


Mar. 


6.5 


28.3 


20.5 


1.3 


376.9 


148.8 


12.1 


20.6 


7.1 


215 


102 


Apr. 


4.9 


15.1 


13.6 


0.7 


313.4 


101.1 


6.6 


12.0 


5.7 


202 


74 


May 


9.6 


19.2 


20.9 


2.5 


374.2 


152.8 


10.9 


17.8 


5.0 


412 (2) 


120 (2) 


June 


13.9 


17.8 


20.4 


6.9 


385.0 


182.2 


10.8 


18.6 


6.8 


570 


135 


July 


10.1 


21.5 


14.5 


15.1 


377.3 


171.2 


8.8 


22.0 


8.1 


335 


112 


Aug. 


7.8 


21.0 


16.5 


13.2 


352.8 


170.0 


10.7 


19.9 


8.8 


354 


118 


Sept. 






















110 C3) 



(l) Index of Canadian Export Values divided by O. B. S. Export Price Index. (2) Revised. W) Preliminary. 



1926-100 



MERCHANDISE EXPORTS : INDEXES OF VALUE. PRICE AND VOLUME 



141! 
























CALENDAR YEAR TOTALS 




























i 


120 




















/ 




















/ 






















/ 






















/ 






4 
/ 

/ A 


N 












/ 


/ 
/ 

> 


100 




/ j 




\ 










jr 










\ 








.< 


r 












\ 1 


. J 


'OLUtvIE 


* 


/ 
/ 
















s 




















\ 




J 


















\ 




y 








80 










> 


»^ 


S 


















^^l 


t 






















PRICE 


12) 


















DOMINION BUREAU 


















OF STATISTICS 






60 












X 












<i> 


































DOMINION BUREAU 














A0 






OT STATIST 


ICS 















1926-100 

140 



1926 



1927 



1928 



1929 



1931 



1933 




INDEX (I) DIVIDED BY INDEX (2) 
AVERAGES IN THE CASE Of>RICE" 



1936 JFMAMJ JASONDJ FMAMJ JASOND 
1936 1937 



14 



OCTOBER 1937 



X— WHOLESALE COMMODITY PRICES 

1926 = 100 
CANADA U.K. 

Dominion Bureau of Statistics Board of Trade (l) 



U.S.A. 

Bureau of Labour 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mtha 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1927 


102.1 


99.9 


99.4 


96.5 


97.7 


1928 


100.7 


97.4 


99.6 


95.0 


96.4 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1930 


82.3 


82.2 


93.1 


87.3 


86.6 


1931 


56.3 


61.9 


70.4 


74.8 


72.1 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


Monthly 












1936-Sept. 


74.4 


73.9 


75.6 


74. 9 (2 ' 


76.4 


Oct. 


76.3 


75.2 


76.4 


75.4 


77.1 


Nov. 


77.1 


75.8 


76.2 


75.5 


77.2 


Dec. 


82.4 


79.3 


77.4 


77.3 


79.7 


1937-Jan. 


86.0 


82.4 


79.4 


78.4 


81.3 


Feb. 


87.0 


83.8 


79.7 


78.8 


82.9 


Mar. 


90.0 


86.8 


79.4 


79.7 


85.5 


Apr. 


91.4 


87.5 


80.7 


80.5 


86.1 


May 


87.8 


85.7 


79.9 


80.0 


85.1 


June 


83.7 


83.3 


80.2 


80.1 


84.6 


July 


92.5 


88.3 


84.2 


82.2 


87.5 


Aug. 


84.9 


83.7 


82.9 


81.9 


85.6 


Sept. 


86.1 


83.7 


82.2 


81.2 


85.0 



Foods 


Total 


100.0 


100.0 


98.2 


95.6 


98.4 


94.7 


93.9 


92.1 


81.8 


80.7 


72.4 


70.9 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


77.7 


77.6 


80.2 


78.8 


79.1 


79.3 


81.2 


81.3 


81.3 


83.0 


80.7 


83.8 


82.4 


86.6 


83.4 


87.9 


83.2 


89.3 


83.1 


89.3 


84.2 


90.0 


84.0 


89.9 


84.7 


89.7 



Farm 


Raw 








Products 


Materials 


Foods 


factures 

(3) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


99.4 


96.5 


96.7 


95.0 


95.4 


105.9 


99.1 


101.0 


95.9 


96.7 


104.9 


97.5 


99.9 


94.5 


95.3 


88.3 


84.3 


90.5 


88.0 


86.4 


64.8 


65.6 


74.6 


77.0 


73.0 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


84.0 


81.8 


83.3 


82.3 


81.6 


84.0 


82.1 


82.6 


82.0 


81.5 


85.1 


83.1 


83.9 


82.6 


82.4 


88.5 


85.6 


85.5 


83.8 


84.2 


91.3 


88.1 


87.1 


84.9 


85.9 


91.4 


88.3 


87.0 


85.4 


86.3 


94.1 


90.1 


87.5 


86.4 


87.8 


92.2 


88.7 


85.5 


87.4 


88.0 


89.8 


87.1 


84.2 


87.5 


87.4 


88.5 


86.1 


84.7 


87.7 


87.2 


89.3 


86.5 


86.2 


88.8 


87.9 


86.4 


84.8 


86.7 


89.0 


87.5 


85.9 


84.4 


88.0 


89.1 


87.4 



(1) Adjusted to 1926= 100 from base 1913 = 100 in 1926-29 and from base 1930= 100 in 1930 and thereafter. 

(2) Revised. (3) Bureau of Labour Index of Finished Products. 



1926-100 

95 



WHOLESALE COMMODITY PRICE INDEXES 



1926-100 

95 




OCTOBER 1937 



15 



XI— STEAM RAILWAYS 
REVENUE FREIGHT LOADED BY CANADIAN RAILWAY SYSTEMS'" 

Compiled from Statistics of Steam Railways of Canada, Dominion Bureau of Statistics 

Millions of Tons 





Farm Products and Foods 


Forest 

Products 

and 

Paper 


Metals 


Non-Metallic Minerals 


Manu- 
factures 
and 
Mis- 
cellaneous 






Grains 
and their 
Products 


Livestock 

and 

Meats 


All 
Other 


Coal 
and 
Coke 


Petroleum 

and 
Gasoline 


All (2) 
Other 


Total 


Calendar Years 






















1923 


20.2 


2.0 


5.4 


18.0 


3.9 


27.1 


1.9 


8.2 


15.5 


102.2 


1924 


18.8 


2.1 


5.9 


17.1 


3.3 


21.2 


2.2 


7.7 


13.3 


91.6 


1925 


19.5 


2.1 


5.8 


17.8 


4.0 


19.9 


2.2 


8.5 


14.8 


94.6 


1926 


19.9 


2.0 


6.0 


19.1 


4.8 


24.2 


2.6 


10.0 


16.6 


105.2 


1927 


20.2 


2.0 


5.7 


19.7 


4.8 


23.1 


2.8 


11.0 


16.7 


106.0 


1928 


26.9 


1.8 


5.8 


20.7 


5.9 


23.2 


3.4 


12.0 


19.0 


118.7 


1929 


18.8 


1.9 


5.8 


19.6 


7.1 


24.4 


4.0 


13.6 


20.0 


115.2 


1930 


16.3 


1.5 


5.4 


16.0 


5.5 


21.0 


3.7 


11.0 


15.8 


96.2 


1931 


15.4 


1.5 


4.5 


11.0 


2.8 


16.5 


2.9 


7.9 


11.6 


74.1 


1932 


16.4 


1.3 


4.1 


8.3 


2.1 


14.4 


2.4 


3.6 


8.2 


60.8 


1933 


13.7 


1.4 


4.1 


9.0 


2.8 


13.7 


2.2 


2.3 


8.2 


57.4 


1934 


13.6 


1.5 


4.8 


11.2 


4.9 


16.2 


2.4 


3.2 


10.2 


68.0 


1935 


13.0 


1.4 


4.5 


11.7 


5.8 


15.6 


2.4 


3.2 


11.5 


69.1 


1936 


14.1 


1.6 


4.8 


12.3 


6.7 


16.8 


2.5 


4.0 


13.0 


75.8 



(1) Carried in Canada. 

(2) Sand and Gravel, Cement, Lime and Plaster, Stone, Slate, Clay, Asphalt, Salt. 



MILLIONS OF SHORT TONS 
140 



STEAM RAILWAYS 

REVENUE FREIGHT LOADCD BY CANADIAN RAILWAY SYSTEMS 



MILLIONS OF SHORT TONS 

.140 



CALENDAR YEAR TOTALS 






1923 1924 

UICARHICO IN CANADA 



1925 



1926 



1927 



I92S 



1929 



1930 



1931 



1932 1933 1934 1935 1936 



16 



OCTOBER 1937 



Millions 



CANADA 



xii— m 

VALUE, YIELD ANdI.C 

Dominion Sn 



Calendar 
Years 



WHEAT 



Acreage Bushels $ Value 



OATS 



Acreage Bushels 



$ Value 



BARLEY 



Acreage Bushels $ Value 



OTHER GRAINS 



Acreage Bushels $ Value 



TOTAL GRAlNS(l) 



Acreage Bushels $Val 



Av. 1911-15 
1916-20 
1921-25 
1926-30 
1931-35 

1931 
1932 
1933 
1934 
1935 
1936 
1937 (2> 



11.7 
16.9 
22.0 
23.9 
25.5 

26.3 
27.2 
26.0 
24.0 
24.1 
25.3 
25.6 



248.3 
228.4 
366.5 
435.7 
320.8 

321.3 

443.1 
281.9 
275.8 
281.9 
229.2 
188.2 



199.4 
412.8 
341.5 
379.1 
151.6 

123.6 
154.8 
137.0 
169.6 
173.1 
204.9 



10.3 
14.0 
14.7 
13.0 
13.6 

12.9 
13.1 
13.5 
13.7 
14.1 
13.1 
13.1 



387.9 
432.9 
457.9 
396.2 
348.6 

328.3 
391.6 
307.5 
321.1 
394.3 
271.8 
282.1 



142.2 
283.3 
176.9 
178.4 
86.2 

78.0 
76.0 
79.8 

103.1 
93.4 

110.1 



1.6 
2.5 
3.0 

4.7 
3.8 

3.8 
3.8 
3.7 
3.6 
3.9 
4.4 
4.3 



46.5 

59.0 

76.9 

114.2 

71.8 

67.4 
80.8 
63.4 
63.7 
84.0 
71.9 
87.8 



23.3 
58.8 
40.4 
56.0 
22.0 

17.5 
18.9 
19.0 
30.0 
24.5 
45.7 



2.4 
2.9 
3.7 
3.2 

2.7 

3.1 
2.9 
2.5 

2.7 
2.7 
2.9 



57.3 
59.4 
78.3 
74.3 
60.0 

59.5 
63.7 
51.4 
58.9 
66.5 
54.4 



42.7 
84.8 
63.8 
55.7 
24.6 

23.7 
23.0 
22.9 
28.0 
26.3 
33.2 



26.0 
36.3 
43.4 
44.8 
45.6 

46.1 
47.0 
45.7 
44.0 
44.8 
45.7 



740.0 
779.7 
979.6 
1,020.4 
801.2 

776.5 
979.2 
704.2 
719.5 
826.7 
627.3 



407. 
839. 
622. 
669. 
284. 

242. 
272. 
258. 
330. 
317. 
393. 



QUEBEC 



Calendar 
Years 



WHEAT 



Acreage Bushels $ Value 



OATS 



Acreage Bushels | $ Value 



BARLEY 



Acreage Bushels 



$ Value 



OTHER GRAINS 



Acreage Bushels 



$ Value 



TOTAL GRAINS(l) 



Acreage 



Bushels 



S Vali 



Av. 1911-15 
1916-20 
1021-25 
1926-30 
1931-35 

1931 
1932 
1933 
1934 
1935 
1936 
1937 (2) 



1.1 
3.8 
1.7 
1.0 
1.0 

.8 
1.0 
1.0 
1.2 
1.1 

.9 
1.0 



1.4 
9.2 
2.7 
1.6 
.9 

.6 

.7 

.8 

1.2 

1.1 

1.1 



1.4 
1.8 
2.0 
1.8 
1.7 

1.7 
1.7 
1.7 
1.7 
1.7 
1.7 
1.7 



38.9 
46.7 
53.3 
47.9 
47.3 

47.2 
51.0 
44.9 
48.3 
45.2 
47.2 
41.1 



20.9 
44.2 
32.5 
31.7 
18.6 

17.9 
18.4 
16.4 
20.8 
19.4 
23.3 



2.3 
3.9 
3.3 
3.2 
3.1 

2.4 
2.9 
3.1 
3.3 
3.5 
4.1 
3.7 



1.8 
5.9 
3.2 
3.1 
1.7 

1.4 
1.6 
1.6 
2.0 
2.0 
2.9 



6.3 
8.9 
8.4 
7.9 
6.1 

5.4 
5.9 
6.0 
6.8 
6.5 
7.2 



4.9 
14.1 
8.3 
7.7 
3.3 

3.1 

2.8 
3.2 
3.9 
3.8 
4.8 



1.8 
2.6 
2.5 
2.4 

2.1 

2.1 
2.1 
2.2 
2.2 
2.2 
2.2 



48.6 


29. 


63.3 


73. 


66.7 


46. 


60.0 


44. 


57.5 


24. 


55.8 


23.' 


60.8 


23. 


55.0 


22.i 


59.6 


27. 


56.3 


26. 


59.4 


32. 



MANITOBA 



Calendar 
Years 



WHEAT 



Acreage Bushels $ Value 



OATS 



Acreage Bushels $ Value 



BARLEY 



Acreage Bushels $ Value 



OTHER GRAINS 



Acreage Bushels $ Value 



TOTAL GRAINSd) 



Acreage Bushels S Valu 



Av. 



1911-15 
1916-20 
1921-25 
1926-30 
1931-35 

1931 
1932 
1933 
1934 
1935 
1936 
1937 (2) 



2.8 
2.7 
2.8 
2.3 
2.5 

2.6 
2.7 
2.5 
2.5 
2.5 
2.6 
2.9 



57.4 
39.5 
42.0 
40.5 
33.0 

28.1 
44.0 
32.7 
37.1 
23.3 
28.0 
53.0 



44.8 
77.4 
40.3 
37.3 
16.7 

11.5 
16.7 
17.0 
24.1 
14.2 
24.9 



1.3 
1.7 
1.9 
1.6 

1.5 

1.5 
1.5 
1.5 
1.5 
1.4 
1.4 
1.4 



51.4 
52.7 
60.7 
42.7 
29.9 

25.5 
36.8 
29.5 
26.8 
30.7 
20.4 
44.0 



16.9 
33.2 
21.2 
17.2 
6.0 

4.8 
5.2 
6.2 
7.8 
5.8 
6.7 



.a 

.8 

1.2 

1.9 

1.2 

1.1 
1.1 
1.2 
1.1 
1.2 
1.4 
1.4 



14.3 
18.5 
30.9 
45.3 
18.5 

15.4 
20.0 
16.9 
17.3 
23.1 
19.0 
38.0 



6.4 
17.4 
15.5 
21.0 

5.2 

3.2 
4.0 
4.6 
8.3 
5.8 
12.2 



.8 
3.4 
6.6 
3.6 

1.7 

1.4 
1.3 
1.3 

1.8 
2.5 
1.7 



.9 

5.6 

6.4 

3.4 

.6 

.6 
.4 
.5 

1.0 
.8 

1.2 



4.7 
5.4 
6.4 
6.0 
5.3 

5.4 
5.4 



123.9 
114.1 
140.2 
132.1 
83.1 

70.4 
102.1 
80.4 
83.0 
79.6 
69.1 



69.( 
133.( 

83.< 
78.< 

28. £ 

20.1 
26.3 
28.3 
41.2 
26.6 
45.0 

















\LBERTA 
















Calendar 


WHEAT 


OATS 


BARLEY 


OTHER GRAINS 


TOTAL GRAINSd) 


Years 


Acreage 


Bushels 


S Value 


Acreage 


Bushels 


$ Value 


Acreage 


Bushels 


$ Value 


Acreage 


Bushels 


$ Value 


Acreage 


Bushels 


$ Value 


Av. 1911-15 


1.7 


40.1 


29.4 


1.5 


67.8 


19.9 


.2 


6.3 


2.5 


.1 


1.4 


1.4 


3.5 


115.6 


53.2 


1916-20 


3.6 


52.0 


86.2 


2.6 


85.9 


45.8 


.4 


10.2 


8.8 


.2 


2.6 


3.8 


6.8 


150.7 


144.6 


1921-25 


5.4 


84.4 


75.1 


2.2 


65.7 


19.4 


.5 


11.3 


4.7 


.3 


4.3 


2.5 


8.4 


165.7 


101.7 


1926-30 


6.8 


139.2 


115.3 


2.1 


73.4 


26.4 


.6 


13.7 


5.4 


.2 


3.1 


2.0 


9.7 


229.4 


149.1 


1931-35 


7.8 


124.3 


55.2 


2.8 


85.5 


15.2 


.7 


16.9 


4.0 


.3 


2.0 


.6 


11.6 


228.7 


75.0 


1931 


7.9 


140.6 


50.6 


2.5 


90.5 


16.3 


.7 


20.8 


4.4 


.2 


1.9 


.4 


11.3 


253.8 


71.7 


1932 


8.2 


167.3 


53.6 


2.7 


101.5 


13.2 


.7 


19.7 


3.2 


.2 


2.5 


.6 


11.8 


291.0 


70.6 


1933 


7.9 


102.3 


46.0 


2.9 


72.5 


13.0 


.6 


12.8 


2.8 


.2 


1.3 


.4 


11.6 


188.9 


62.2 


1934 


7.5 


112.5 


65.3 


3.0 


81.0 


20.2 


.7 


15.0 


5.9 


.3 


1.8 


.7 


11.5 


210.3 


92.1 


1935 


7.5 


98.6 


60.2 


3.1 


82.2 


13.2 


.9 


16.4 


3.8 


.2 


2.1 


.7 


11.7 


199.3 


77.9 


1936 


7.3 


67.0 


58.3 


2.5 


50.0 


17.0 


1.0 


17.0 


9.4 


.2 


1.3 


.7 


11.0 


135.3 


85.4 


1937 <2) 


7.8 


76.0 




2.8 


76.0 




1.0 


22.0 
















(1) Total Grain 


s include 


s Wheat, C 


fats, Barle; 


'. Rye, F 


lax, Buckv 


rtieat, Mix 


:d Grain 


>, and Con 


i for Huski 


ng. 


(2) Prelir 


ninary Est 


mates. 







OCTOBER 1W7 



17 



TURE 

OF GRAIN CROPS 

Statistics 



MARITIMES 



Millions 



WHEAT 



Bushels 



« Value 



OATS 



Acreage Bushels 



$ Value 



BARLEY 



Acreage Bushels $ Value 



OTHER GRAINS 



Acreage Bushels S Value 



TOTAL GRAINSU) 



Acreage Bushels $ Value 



Calendar 
Years 



1.2 
1.5 

1.2 

.7 
.8 

.5 

.7 
.9 
.9 
.8 
.6 
.6 



1.2 
3.5 
1.7 
1.1 
.6 

.6 
.7 
.8 
.8 
.9 
.6 



15.7 
18.1 
16.9 
15.1 
14.6 

14.5 
15.0 
15.2 
14.5 
13.6 
16.4 
12.6 



7.8 

15.1 

10.0 

9.7 

5.8 

5.5 

4.8 
5.8 
6.3 
6.6 
8.1 



2.7 

2.7 
2.3 

2.7 
1.8 

1.4 
2.1 
2.1 
1.9 
1.8 
2.2 



1.7 
3.3 
1.9 
2.2 
1.0 

.9 
1.2 
1.1 
1.0 

.9 
1.3 



.5 

.9 

1.0 

.6 

.7 

.5 
.6 
.5 

.6 
.6 

.7 



19.9 
22.9 
20.9 
19.2 
17.8 

17.1 
18.5 
18.9 
17.9 
16.9 
20.0 



10.8 
22.6 
14.1 
13.5 

7.8 

7.3 
7.1 

8.1 

8.5 

8.8 

10.6 



1911-15 Av. 

1916-20 

1921-25 

1926-30 

1931-35 

1931 
1932 
1933 
1934 
1935 
1936 
1937 (2) 



ONTARIO 



WHEAT 



eage Bushels S Value 



21.0 
18.6 
20.5 
20.8 
14.6 

17.2 
17.1 
15.7 
8.5 
14.5 
14.2 
20.9 



19.5 
37.4 
22.9 
23.7 
9.3 

9.0 

8.3 

11.3 

7.4 

10.3 

15.5 



OATS 



Acreage Bushels $ Value 



2.9 
2.6 
3.0 
2.6 

2.4 

2.4 
2.3 
2.3 
2.4 
2.4 
2.3 
2.3 



101.9 
97.6 

104.9 
92.4 
77.3 

78.5 
75.5 
65.5 
81.5 
85.6 
66.9 
74.7 



42.9 
70.3 
47.2 
46.6 
22.7 

19.6 
18.9 
22.3 
28.5 
24.0 
32.1 



BARLEY 



Acreage Bushels $ Value 



14.6 
14.5 
13.4 
18.1 
14.2 

13.5 

13.8 
12.0 
14.7 
16.8 
14.0 
16.5 



8.9 
15.8 

8.7 
12.0 

5.9 

5.0 
5.2 
5.2 
7.4 
6.7 
11.2 



OTHER GRAINS 



Acreage Bushels $ Value 



.9 
1.0 
1.2 
1.3 
1.3 

1.3 

1.4 
1.3 
1.4 
1.3 
1.4 



34.4 
34.3 
42.2 
44.1 
43.5 

44.8 
44.0 
38.0 
44.4 
46.6 
38.8 



21.5 
41.1 
30.6 
30.4 
17.1 

16.6 
15.4 
16.5 
19.9 
17.1 
22.4 



TOTAL GRAINSU) 



Acreage Bushels $ Value 



5.2 
5.0 

5.4 
5.3 

4.8 

4.8 
4.8 
4.8 
4.8 
4.9 
4.8 



171.9 
165.0 
181.0 
175.4 
149.6 

154.0 
150.4 
131.2 
149.1 
163.5 
133.9 



92.8 
164.6 
109.4 
112.7 

55.0 

50.2 
47.8 
55.3 
63.2 
58.1 
81.2 



Calendar 
Years 



1911-15 Av. 

1916-20 

1921-25 

1926-30 

1931-35 

1931 
1932 
1933 
1934 
1935 
1936 
1937 (2) 



SASKATCHEWAN 



WHEAT 


OATS 


BARLEY 


OTHER GRAINS 


TOTAL GRAINSU) 


Calendar 


eage 


Bushels 


S Value 


Acreage 


Bushels 


$ Value 


Acreage 


Bushels 


$ Value 


Acreage 


Bushels 


$ Value 


Acreage 


Bushels 


$ Value 


Years 


3.2 


127.1 


102.7 


2.7 


109.2 


32.1 


.3 


8.6 


3.5 


1.0 


11.6 


12.2 


10.2 


256.5 


150.5 


1911-15 Av. 


5.4 


112.2 


197.4 


4.6 


129.5 


72.6 


.5 


11.1 


9.8 


1.0 


7.4 


16.7 


15.5 


260.2 


296.5 


1916-20 


2.8 


215.6 


197.4 


4.9 


153.6 


44.9 


.7 


17.3 


7.6 


1.2 


14.2 


13.8 


19.6 


400.7 


263.7 


1921-25 


3.8 


232.1 


198.4 


4.3 


120.6 


44.3 


1.5 


32.9 


13.7 


1.0 


12.6 


9.8 


20.6 


398.2 


266.2 


1926-30 


1.4 


145.7 


67.9 


4.6 


89.4 


16.1 


1.2 


18.2 


4.6 


.7 


4.6 


1.9 


20.9 


257.9 


90.5 


1931-35 


3.0 


132.5 


50.3 


4.3 


67.7 


12.2 


1.4 


14.3 


3.0 


1.1 


4.4 


2.0 


21.8 


218.9 


67.5 


1931 


5.5 


211.6 


74.0 


4.4 


107.4 


14.0 


1.3 


23.4 


4.4 


.9 


7.7 


2.5 


22.1 


350.1 


94.9 


1932 


4.7 


128.0 


60.2 


4.6 


75.4 


14.3 


1.2 


17.6 


4.2 


.6 


2.5 


1.1 


21.1 


223.5 


79.8 


1933 


3.3 


114.2 


69.7 


4.6 


64.3 


17.4 


1.1 


12.4 


5.8 


.5 


2.0 


1.3 


19.5 


192.9 


94.2 


1934 


3.2 


142.2 


85.3 


4.9 


132.0 


22.4 


1.1 


23.1 


5.6 


.8 


6.7 


2.8 


20.0 


304.0 


116.1 


1935 


4.6 


117.0 


103.0 


4.6 


65.5 


20.3 


1.3 


16.6 


9.1 


.8 


2.9 


2.6 


21.3 


202.0 


135.0 


1936 


3.9 


35.0 




4.4 


28.0 




1.2 


6.5 
















1937 <2> 



BRITISH COLUMBIA 



WHEAT 



reage Bushels $ Value 



OATS 



Acreage Bushels 8 Value 



BARLEY 



Acreage Bushels $ Value 



OTHER GRAINS 



Acreage Bushels $ Value 



TOTAL GRAINSU) 



Acreage Bushels $ Value 



Calendar 
Years 



.4 

.8 

1.1 

1.4 

1.4 

1.6 
1.4 
1.3 
1.4 

1.4 
1.5 
1.7 



.4 
1.7 
1.4 
1.7 
1.0 

1.0 
.8 
.9 
1.1 
1.1 
1.5 



3.0 
2.4 
2.8 
4.1 
4.6 

4.4 
4.4 
4.5 
4.7 
5.0 
5.4 
5.7 



1.7 
2.1 
1.7 
2.5 
1.8 

1.7 
1.5 
1.8 
2.1 
2.0 
2.6 



.1 
.4 
.2 
.3 
.2 

.2 
.1 
.2 
.2 
.2 
.3 



3.6 
3.5 

4.4 
6.1 
6.6 

6.5 
6.3 
6.3 

6.7 
7.1 
7.6 



2.3 
4.4 
3.6 
4.7 
3.1 

3.0 
2.5 
3.0 
3.6 
3.5 
4.6 



1911-15 Av. 

1916-20 

1921-25 

1926-30 

1931-35 

1931 
1932 
1933 
1934 
1935 
1936 
1937 (2) 



" V, 



ft 



// 



TATISTICAL SUMMARY 



BANK OF CANADA 









4 - 






NOVEMBER 1937 



TABLE OF CONTENTS 



I Bank of Canada 

II Chartered Banks 

III Security Prices: 

1. Gov't Securities, Payable in Canada only 

2. Gov't Securities, Payable Abroad .... 

IV Public Finance: Provincial Revenues 

Gasoline Taxes and Motor Vehicle Licences and Fees 

V Balance of International Payments .... 

VI External Trade : 

1. Imports: Value by Countries 

2. Exports: Value by Countries 

VII Wholesale Commodity Price Indexes: 

Canada, U.K., U.S.A 

VIII Wholesale Prices: Chief Commodities .... 

IX Industrial Activity 

X Electric Power Production 

XI Agriculture: Livestock Marketings .... 



Tables 
Page 


Charts 
Page 


2-3 


1 


4-5 


2-5 


6 


6 


7 


7 


8 


8 


9 


9 


10 


10 


11 


11 


12 


12 


13 


13 


14 


14 


15 


15 


16 


17 



Tables and Charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 
this is the case a total does not necessarily equal the sum of its constituent items. 

Subscription: $3.00 a year, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



NOVEMBER 1937 



BANK OF CANADA 



SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 




Millions of Dollars 



NOVEMBER 1937 

i— b; 









LIABILITIES 










Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Tots 

Asse 

or 

Liabili 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Wednesday Figures 

1935- 9 Mths. 
1936-12 Mths. 


37.2 
40.4 


176.5 

184.7 


213.7 
225.2 


23.9 
22.5 


.7 
1.0 


48.9 
64.0 


6.8 
9.4 


294. 
322. 


1936— Oct. 

Nov. 
Dec. 


50.0 
47.9 
46.2 


177.5 
199.1 
192.0 


227.5 
247.0 
238.2 


16.2 
20.8 
24.1 


.2 

.7 
2.1 


80.7 
80.9 
83.5 


13.4 
16.2 
14.1 


338. 
365. 
362. 


1937— Jan. 
Feb. 
Mar. 
Apr. 
May 


52.1 
44.0 
42.5 
46.5 
46.4 


190.3 
194.5 
195.8 
191.7 
193.4 


242.4 
238.5 
238.3 
238.2 
239.8 


22.1 
34.6 
29.7 
31.2 
22.0 


2.0 
1.0 
1.6 
1.2 
1.0 


77.9 
76.2 
80.2 

82.4 
84.5 


12.6 
12.4 
14.1 
12.3 
13.0 


357. 
362. 
363. 
365. 
360. 


June 

July 

Aug. 

Sept. 

Oct. 


45.5 
49.5 
51.4 
53.5 
57.0 


190.3 
182.8 
175.3 
183.1 
186.0 


235.8 
232.3 
226.7 
236.6 
243.0 


19.8 
13.2 

24.1 
28.7 
32.8 


.6 
.6 
.8 
1.0 
.6 


86.4 

87.0 

92.3 

102.0 

105.6 


13.4 
12.6 
13.3 
13.5 
13.5 


355. 
345. 
357. 
381. 
395. 


Wednesdays 

Nov. 3 
Nov. 10 
Nov. 17 


51.7 (1) 
53.6 (1) 
53.2 C1) 


211.6 
209.4 
221.9 


263.3 (1) 
263.0° 
275.1 (1) 


33.1 
32.0 
25.9 


1.6 
2.5 
1.5 


109.0 (1> 
106.6 (U 
106.5 (1) 


15.2 
13.9 
13.6 


422. 
418. 
422. 



(1) Estimates. 



(2) Includes "Other Securities". 



TOTAL ACTIVE NOTE CIRCULATION 

MILLIONS OF DOLLARS — GROSS CHARTERED BANK NOTE CIRCULATION AND BANK OF CANADA NOTES HELD BY PUBLIC — MILLIONS OF DOLLARS 

225i 1 1 1 1 ,._, : _ „ ■ _,..l_. 1 1 1 1 1225 




DEC JAN. 

I> ACTUAL DEC. 1938 riGURE 



FEB MAR. APR. MAY JUNE JULY AUG. SEPT. OCT. 

PROJECTED ON THE BASIS OF AVERAGE MONTH-TO-MONTH PERCENTAGE CHANCES DURING THE YEARS I926-IS35 



NOV. 



DEC. 



NOVEMBER 1937 
CANADA 



Millions of Dollars 











ASSETS 












Reserve 






Securities 


Advances 


All 

Other 

Accounts 




Sold 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Short 


Dom.-Prov. 
Long 


Total* 25 




54. 6 
79.7 


1.4 
1.8 


10.3 
11.4 


166.2 
192.9 


57.87 
61.69 


25.6 
37.0 


94.0 
86.3 


119.6 
123.2 


4.1 
1.7 


4.0 

4.2 


Average of 
Wednesday Figures 

1935- 9Mths. 
1936-12Mths. 


79.4 
79.2 
79.3 


1.9 
2.0 
2.0 


5.1 
12.3 
14.6 


186.4 
193.5 
196.0 


57.43 
55.37 
56.34 


51.8 
63.0 
62.2 


93.7 

100.7 

99.5 


145.5 
163.7 
161.7 


3.0 
1.0 


3.1 
7.4 
4.3 


Oct.— 1936 

Nov. 

Dec. 


79.5 
79.5 
83.2 
90.8 

88.2 


2.3 
2.3 
2.3 
2.4 
2.4 


11.7 
14.7 
18.6 
16.1 
14.1 


193.4 
196.4 
204.2 
209.3 
204.7 


56.16 
56.07 
58.37 
59.28 
58.96 


61.7 

58.7 
51.8 
50.5 

47.7 


98.0 
102.9 
101.8 
101.7 
101.3 


159.7 
161.7 
153.6 
152.3 
149.0 


- 


3.9 
4.6 
6.1 
3.8 
6.5 


Jan.— 1937 
Feb. 

Mar. 
Apr. 
May 


83.5 
81.0 
79.5 
79.5 
79.5 


2.5 
2.5 
2.5 
2.6 
2.6 


21.9 
18.2 
23.7 
28.6 
28.5 


207.9 
201.7 
205.8 
210.6 
210.6 


60.70 
60.56 
59.83 
57.18 
55.13 


39.5 
33.6 
40.9 

58.7 
72.7 


100.2 
96.2 
94.2 
96.8 
96.5 


143.7 
139.8 
145.6 
166.5 
180.5 


- 


4.3 

4.2 
5.8 
4.7 
4.5 


June 

July 

Aug. 

Sept. 

Oct. 

Wednesdays 


79.6 
79.9 
80.0 


2.7 
2.7 
2.7 


28.5 
27.3 

24.8 


210.8 
210.0 
207.6 


51.80 
51.96 
50.75 


93.6 

94.4 
99.7 


96.8 
96.5 
97.4 


202.6 
203.1 
209.2 


- 


8.8 
4.9 
5.7 


Nov. 3 
Nov. 10 
Nov. 17 



MILLIONS OF DOLLARS 

2450, 



CHARTERED BANKS : CANADIAN DEPOSITS 



MILLIONS OF DOLLARS 

1 2450 



2350 




2250 



2150 



2050 



^^ 



DAILY AVERAGE FIGURES 



1937- 



*~"**. 



1936- 



y 



2350 



2250 



2150 



JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. OCT. NOV. DEC. 



2050 



Millions of Dollars 



NOVEMBER 1937 
II— CHA 

Ba 



r 





LIABILITIES 






Notes 


Deposits 


Cash 
in 


Securities 








Dom. 


Canadian 




Total 


DOM.-PROV. 








Demand 


Time 


and Prov. 


Deposits'" 


Foreign 


Deposits'" 


Canada' 3 ' 




Ot 




Short Long 


Average of 






















Month-end Figures 






















1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


1 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


1 


1932 


132 


486 


1 ,376 


82 


1,955 


312 


2,322 


186 


490 


2 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


2 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


1 


1935 


126 


569 


1,445 


65 


2,108 


348 


2,476 


216 


407 


454 


1 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


2 


End of 
























1936— Oct. 


118 


664 


1,510 


86 


2,291 


409 


2,723 


227 


462 


635 


2 


Nov. 


116 


680 


1.547 


42 


2,300 


415 


2,734 


259 


425 


633 


2 


Dec. 


109 


682 


1,548 


72 


2,323 


418 


2,773 


235 


469 


647 


2 


1937— Jan. 


109 


644 


1,549 


137 


2,283 


406 


2,788 


241 


470 


639 


3 


Feb. 


114 


656 


1,564 


150 


2,319 


421 


2,843 


233 


476 


647 


2 


Mar. 


113 


711 


1,584 • 


75 


2,393 


424 


2,853 


237 


482 


653 


2 


Apr. 


111 


732 


1,583 


67 


2,420 


418 


2,865 


240 


477 


060 


3i 


May 


110 


700 


1,573 


99 


2,410 


420 


2,854 


234 


489 


643 


3i 


June 


113 


713 


1,570 


96 


2,430 


425 


2,877 


233 


440 


697 


3 


July 


113 


667 


1,572 


83 


2,368 


427 


2,819 


226 


429 


697 


3 


Aug. 


111 


686 


1,578 


80 


2,391 


434 


2,848 


235 


391 


727 


3 


Sept. 


108 


714 


l',575 


83 


2,414 


425 


2,862 


233 


404 


716 


3 


Oct. 


112 


679 


1,584 


70 


2,372 


426 


2,821 


247 


429 


665 


3 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits: after that date: Bank of Canada Notes and Deposits. 



CHARTERED BANKS : CURRENT LOANS TO THE PUBLIC IN CANADA 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 




JAN. FEB MAR APR. MAY JUNE JULY AUG. SEPT OCT. 

(I) ACTUAL DEC 1938 FIGURES PROJECTED ON THE BASIS OF AVERAGE MONTH-TO-MONTH PERCENTAGE CHANGES DURING THE YEARS 1926 - 35 



NOV. 



DEC 



NOVEMBER 1937 
D BANKS 

ada 



Millions of Dollars 



ASSETS 




Loans 






CANADA 


ABROAD 


Total 


otal 


Call 


Current 
Public 


Current 
Other 


Call 


Current 


Assets 


533 


140 


934 


87 


250 


261 


2,864 


499 


267 


1 ,343 


112 


301 


248 


3,528 


696 


117 


1,032 


165 


84 


172 


2,869 


841 


102 


907 


147 


92 


148 


2,831 


867 


102 


869 


145 


107 


138 


2,838 


,044 


82 


829 


134 


72 


146 


2,957 


,331 


93 


699 


121 


64 


150 


3,145 


,363 


109 


708 


108 


66 


160 


3,202 


,316 


116 


693 


108 


75 


156 


3,206 


,384 


114 


675 


115 


75 


162 


2,242 


,412 


119 


687 


109 


72 


162 


3,262 


,422 


119 


692 


113 


68 


168 


3,329 


,427 


124 


694 


120 


76 


172 


3,337 


,440 


121 


710 


125 


72 


168 


3,347 


,438 


117 


728 


125 


77 


161 


3,334 


,442 


116 


728 


125 


70 


159 


3,359 


,431 


114 


735 


117 


73 


158 


3,299 


,446 


114 


748 


115 


75 


160 


3,326 


,446 


100 


771 


112 


64 


172 


3,340 


,411 


82 


770 


121 


53 


173 


3,299 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




Canada"' 


Deposits' 4 ' 


Deposits in 


Note 






Canada 


Circulation' 5 ' 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


227 


2,267 


10.0 


197 


Oct.— 1936 


247 


2,274 


10.9 


194 


Nov. 


238 


2,285 


10.4 


200 


Dec. 


240 


2,302 


10.4 


182 


Jan.— 1937 


238 


2,301 


10.3 


184 


Feb. 


238 


2,347 


10.1 


191 


Mar. 


236 


2,364 


10.0 


193 


Apr. 


239 


2,383 


10.0 


195 


May 


237 


2,374 


10.0 


195 


June 


230 


2,373 


9.7 


199 


July 


225 


2,373 


9.5 


203 


Aug. 


235 


2,383 


9.9 


213 


Sept. 


242 


2,371 


10.2 


217 


Oct. 



Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
Chartered Bank note circulation and Bank of Canada notes in public circulation. 



MILLIONS OF DOLLARS 

I500i 



CHARTERED BANKS : TOTAL INVESTMENTS 



MILLIONS Or DOLLARS 

1500 



1400- 




1300 



>' 



MONTH-END RGURES 



1936 ^ 



• mmrnrnm,^ 






1400 



1300 



1200 



1200 



1100 



JAN rEB. MAR. APR. MAY JUNE JULY AUG. SEPT. OCT. NOV. DEC. 



100 



NOVEMBER 1937 



III— SECURITY PRICES 

Bank of Canada 



Dominion of Canada Bonds Payable in Canada Only 
Middle Prices and Yields 





4^% due Nov. 1, 
1948-58 


3% due June 1, 
1950-55 


5% due Oct. 15, 
1943 


2V 2 % due June 1, 
1943 


2% due Nov. 15, 
1939 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Average of 
Working Days 

1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


101.91 


1.40 


1936— Oct. 

Nov. 
Dec. 


111.88 
112.30 
112.81 


3.30 
3.25 
3.20 


100.01 
100.49 
101.21 


3.00 
2.96 
2.89 


114.28 
114.47 
114.88 


2.74 
2.69 
2.61 


102.56 
101.97 
102.45 


2.09 
2.18 
2.09 


102.24 
102.01 
102.01 


1.26 
1.31 
1.30 


1937— Jan. 
Feb. 
Mar. 
Apr. 
May 


112.39 
110.27 
108.12 
107.78 
108.96 


3.23 

3.43 
3.64 
3.67 
3.54 


100.47 
98.38 
95.90 
95.49 
95.62 


2.96 
3.12 
3.32 
3.33 

3.32 


114.20 
112.11 
110.91 
111.20 
111.69 


2.69 

2.98 
3.15 
3.09 
2.98 


102.15 
101.44 
100.85 
100.47 
100.57 


2.14 
2.25 
2.35 
2.42 
2.40 


101.82 
101.38 
101.24 
101.71 
101.53 


1.34 
1.49 
1.52 
1.32 
1.38 


June 

July 

Aug. 

Sept. 

Oct. 


109.93 
109.99 
110.54 
110.44 
109.57 


3.44 
3.43 
3.37 
3.37 
3.45 


96.24 
96.61 
97.19 
96.99 
96.09 


3.28 
3.25 
3.21 
3.22 
3.29 


112.38 
112.25 
112.35 
111.97 
111.24 


2.85 
2.85 
2.80 
2.84 
2.94 


101.30 
101.56 
101.62 
101.29 
100.64 


2.27 
2.22 
2.20 
2.26 
2.38 


101.67 
101.75 
101.84 
101.47 
100.80 


1.30 
1.23 
1.17 
1.31 
1.61 


Nov. 1-15 


109.90 


3.41 


95.83 


3.31 


110.94 


2.98 


100.04 


2.49 


100.52 


1.73 



24% 
2.5% 
2.6% 
2.7% 
28% 
29% 



COMPARISON OF LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 1936-37 



/- 



;++«**~^**'*sr 



\J 



DOM Or CANADA 

AVERAGE YIELDS OF 

4Vs»/o DUE I NOV. 1948-58 

3% DUE I JUNE.1950-55 



I 

^ 



*l 






jV" Tf\ 



^~VwT 



U.S. TREASURY 

AVERAGE YIELDS OF 



** 




iA v / * 



NOV DEC 



FEB. MAR. APR, MAY JUNE JULY 



SEPT. OCT 



2.4% 
2.5% 
26% 
2.7% 
2.8% 
2.9% 
3.0% 
3.1% 
3.2% 
3.3% 
34% 
35% 
3.6% 



NOVEMBER 1937 



III— SECURITY PRICES 

Bank of Canada 



Government Bonds Payable Elsewhere Than in Canada 
Middle Prices and Yields 





Dominion 


of Canada 




U.S. Treasury 


United Kingdom 


Domin 


ion Guaranteed C.N.R. 




3M% due 


Jan 15, 


3M% due 


May 1, 


2^%dueMar.l5, 


3^% due Dec. 1, 


4^% due Feb. 1, 


4M% due 


: July 1, 




1956-61 


1950-55<'> 


1955-60< 2 > 


1952 and after") 


1956 


1957 




Payable in ! 


*>Jew York 


Payable in 


London 


Domestic 


Domestic 


Canada, 
New York or London 


Canada or '. 


■■lew York 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


d- (3) 
Price 


Yield 


Price 


Yield 


Average of 
Working Days 

1936 


101.51 


3.15 


102.43 


3.03 


102.25 


2.72 


106.02 


3.03 


114.96 


3.44 


113.29 


3.59 


1936— Oct. 


102.45 


3.08 


103.26 


2.95 


102.73 


2.69 


106.61 


2.98 


114.77 


3.45 


114.02 


3.54 


Nov. 


103.36 


3.02 


102.85 


2.99 


103.97 


2.60 


106.66 


2.97 


115.26 


3.41 


114.31 


3.52 


Dec. 


103.39 


3.02 


102.38 


3.03 


104.10 


2.59 


105.51 


3.07 


116.02 


3.36 


115.15 


3.46 


1937— Jan. 


102.12 


3.10 


101.96 


3.07 


104.50 


2.56 


104.62 


3.13 


115.50 


3.39 


114.94 


3.47 


Feb. 


100.43 


3.22 


99.84 


3.26 


104.61 


2.55 


102.29 


3.31 


112.96 


3.55 


112.49 


3.63 


Mar. 


98.70 


3.33 


99.54 


3.28 


103.16 


2.65 


101.30 


3.39 


111.27 


3.67 


110.84 


3.73 


Apr. 


97.97 


3.38 


100.41 


3.21 


100.20 


2.86 


101.80 


3.35 


110.89 


3.69 


110.34 


3.76 


May 


99.00 


3.31 


100.55 


3.20 


100.61 


2.83 


102.01 


3.33 


112.37 


3.59 


111.37 


3.69 


June 


99.41 


3.29 


99.04 


3.32 


100.45 


2.84 


100.61 


3.45 


113.51 


3.51 


112.47 


3.62 


July 


99.46 


3.28 


98.68 


3.35 


100.98 


2.80 


99.59 


3.51 


113.52 


3.50 


112.52 


3.62 


Aug. 


99.92 


3.26 


98.98 


3.33 


100.91 


2.81 


99.50 


3.52 


114.29 


3.45 


113.10 


3.57 


Sept. 


99.22 


3.30 


99.17 


3.31 


100.30 


2.85 


99.41 


3.52 


113.38 


3.51 


112.78 


3.59 


Oct. 


98.69 


3.33 


100.16 


3.24 


100.37 


2.85 


100.23 


3.48 


112.90 


3.54 


112.36 


3.62 


Nov. 1-15 


98.88 


3.32 


100.20 


3.24 


100.67 


2.83 


101.71 


3.35 


112.88 


3.54 


112.37 


3.62 



(1) United Kingdom issues are auoted in London to include accrued interest but are given here excluding interest. 

(2) Exempt from Federal Income and certain State taxes. (3) Price in Toronto. 



COMPARATIVE MOVEMENTS OF DOMESTIC AND OPTIONAL PAYMENT BOND YIELDS = 1936-37 



PER CENT 

30 



PER CENT 

30 




+4 
+2 

PAR" 















































POUND STERLING IN CANADA- 














~j£ 


-us 


30LLAR IN CANADA \ 














1 
















j 




| 

















J F M 


A 


M 


J J 
1936 


*PRE-I93l PAR 









J J A S 

1937 



+4 
+2 
PAR' 



NOVEMBER 1937 



Thousands of Dollars 



IV— PUBLIC FINANCE: PROVINCIAL REVENUES 
GASOLINE TAXES AND MOTOR VEHICLE LICENCES AND FEES 

Provincial Public Accounts 



Year"' 



P. E. I. 



N. S. 



N. B. 



Que. 



Ont. 



Man. 



Sask. 



Alta. 



B. C. 



All Prov's 



GASOLINE TAXES' 2 ' 



1926 


27 


158 


144 


1,286 


3,376 


446 


— 


424 


680 


6,541 


1927 


33 


243 


217 


1,680 


4,033 


486 


- 


691 


784 


8,167 


1928 


56 


476 


274 


3,253 


4,607 


670 


1,300 


1,307 


905 


12,848 


1929 


106 


680 


539 


3,972 


8,498 


764 


982 


1,793 


1,086 


18,420 


1930 


123 


811 


651 


4,405 


10,757 


1,185 


1,919 


1,932 


1 ,753 


23,536 


1931 


127 


870 


694 


5,107 


10,951 


1,237 


1,211 


1,501 


1,749 


23,447 


1932 


131 


926 


796 


4,920 


12,341 


1,480 


1,395 


1,517 


2,042 


25,548 


1933 


164 


948 


804 


4,822 


12,629 


1,610 


1,421 


1,724 


2,055 


26,177 


1934 


174 


1,161 


882 


5,115 


12,961 


1,835 


1,499 


1,945 


2,264 


27,836 


1935 


179 


1,538 (3) 


1,023 


5,791 


15,022 


1,855 


1,749 


2,221 


2,530 


31,908 


1936 


200 


1,736 


1,175 




15,762 


2,015 




2,455 


2,720 











MOTOR VEHICLE LICENCES AND FEES 








1926 


72 


601 


556 


3,307 


6,371 


713 


1,510 


1,153 


1,614 


15,897 


1927 


82 


677 


616 


3,916 


5,917 


966 


2,266 


1,319 


1,772 


17,531 


1928 


99 


755 


745 


4,743 


6,387 


r 1,013 


2,434 


2,125 


2,007 


20,308 


1929 


115 


766 


782 


5,316 


7,754 


1,152 


2,018 


2,023 


2,239 


22,165 


1930 


146 


996 


875 


5,413 


5,449 


1,131* 


1,887 


1,694 


2,189 


19,780 


1931 


136 


1,134 


863 


5,278 


5,521 


901* 


1,067 


1,474 


1,985 


18,359 


1932 


122 


1,281 


836 


5,030 


7,306 


804* 


1,629 


1,553 


1,888 


20,449 


1933 


95 


1,028 


758 


5,207 


7,351 


895* 


1,572 


1,668 


1,943 


20,517 


1934 


101 


1,027 


763 


5,506 


7,982 


1,107* 


1,384 


1,618 


2,093 


21,581 


1935 


103 


1,101 <3) 


839 


5,923 


9,064 


907* 


1,542 


1,425 


2,294 


23,198 


1936 


112 


1,239 


888 




10,824 


1,129 




1,112 


2,627 





(1) Figures are for provincial fiscal years and are shown opposite the nearest calendar year. 

(2) Rebates and commissions are deducted. (3) Adjusted pro-rata from a 14-month to a 12-month period. 

* Includes estimated portion of Public Utilities Board revenue derived from highway traffic and taxicab regulation. 



GASOLINE TAX REVENUE AND TAX RATE 



PERCENTAGES OF NET ORDINARY REVENUE' 



4U 

30 
25 

20 
15 

10 

8 
7 




RATIO SCALE 


^ 






L--" 




/'""" 




/ 


M GASOLINE T 

(MILLIONS 


*X REVENUE 

OF DOLLARS! 


/ 






J 






CI) 


/ 


GAiULINt 1 AA 1 
(CENTS PER GAL 


^ATE 
> 




f 










6 
5 

4 
3 























































ARITHMETIC SCALE 






GAS 


OLINE 
EVENUf 


TAX 


-.""""" 






/ 


/ 




V"""' j 




/ 


/^y 




/ 


L REVENUE FROM 

MOTOR VEHICLE 
LICENCES AND FEES 


/ 










y 


























| 





20% 
18% 
16% 
14% 
12% 
10% 
8% 
6% 
4% 
2% 



1926 



27 



28 



29 



'30 



32 



'33 



*34 ( 35 



1926 27 



'28 '29 '30 



'32 '33 "34 '35 






(t) WEIGHTED AVERAGE OF THE CALENDAR YEAR-END STANDARD 
RATES IN THE VARIOUS PROVINCES. 



(2) "NET" ORDINARY REVENUE IS TOTAL PROVINCIAL ORDINARY 
REVENUE LESS INTEREST REC1EVED. 



NOVEMBER 1937 



V— CANADIAN BALANCE OF INTERNATIONAL PAYMENTS, 1927 - 1936 
NET RECEIPTS OR CREDITS: NET PAYMENTS OR DEBITS 

Revised Estimates of Dominion Bureau of Statistics 
Millions of Dollars 





1927 


1928 


1929 


1930 


1931 


1932 


1933 


1934 


1935 


1936 


CURRENT ACCOUNT 

Merchandise 


139 

26 

130 

211 

12 

8 


131 
89 

168 

221 

19 

16 

132 


131 

75 

188 

260 

39 

28 


122 
3 

179 

289 

32 

25 


17 
90 

174 

280 

25 

21 


74 
73 

155 

262 

28 

34 


147 
88 

66 

224 

22 

34 


148 
110 

82 

212 

28 

26 


193 
117 

123 

209 

14 

29 


322 


Gold 


131 


Invisible Items 
Tourist Trade 


156 


Interest and Dividends. . . . 
Freight 


234 
18 


Miscellaneous Services. . . . 


34 


Balance on Current Account .... 


63 


196 


287 


78 


22 


20 


75 


181 


324 


CAPITAL ACCOUNT 

New Issues or Retirements 

of Canadian Securities .... 
Other Security Transactions. 
Other Capital Movements. . . 


141 

184 

39 


7 

188 

99 


133 
105 
126 


290 
13 
38 


9 

24 
62 


1 
16 

6 


26 

51 
51 


58 

9 

67 


154 
71 
70 


164 

8 

98 


Net Capital Movement 


4 


82 


154 


315 


47 


11 


27 


116 


154 


254 






Balancing Item (1) 


59 


50 


42 


29 


31 


34 


7 


41 


27 


70 







(1) This Balancing Item measures unavoidable errors and omissions in Current and Capital Accounts. 



BALANCE OF INTERNATIONAL PAYMENTS ON CURRENT ACCOUNT: 1900-1936 

Dominion Bureau of Statistics 1927-1936* 
Millions of Dollars 




♦ESTIMATES FROM 1800-13 ARE BY DR. JACOB VINER. AND FROM 1914-26 BY PROF. F. A KNOX. THEY APPEAR IN "CANADIAN AMERICAN INDUSTRY' 
BY MARSHALL. SOUTHARD AND TAYLOR. 



10 



NOVEMBER 1937 



Millions of Dollars 



VI— EXTERNAL TRADE: MERCHANDISE IMPORTS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





From 


Total 


Re-Exports 


Total 
Retained 


Excess of 












Exports 




U.K. 


Other 
British 


U.S.A. 


Other 
Foreign 


Imports 




I mports 


or Imports 


Calendar Year Totals 


















1926 


165 


50 


669 


125 


1,008 


15 


993 


282 


1929 


195 


62 


894 


148 


1,299 


26 


1,273 


84 


1932 


94 


35 


264 


61 


453 


8 


445 


105 


1933 


98 


35 


217 


51 


401 


6 


395 


214 


1934 


113 


44 


294 


63 


513 


7 


507 


252 


1935 


117 


57 


312 


64 


550 


13 


537 


305 


1936 


123 


66 


370 


76 


635 


13 


623 


448 


12 Months Ending 


















Sept.— 1937 


143 


82 


466 


86 


777 


17 


760 


413 


Monthly Totals 


















1936— Sept. 


10.9 


6.0 


29.8 


6.3 


53.0 


.7 


52.3 


41.8 


Oct. 


12.5 


7.3 


36.1 


9.2 


65.2 


2.0 


63.2 


50.2 


Nov. 


12.5 


7.4 


35.4 


10.9 


66.2 


1.9 


64.3 


56.7 


Dec. 


8.5 


4.9 


32.6 


7.0 


53.0 


1.3 


51.7 


53.2 


1937— Jan. 


9.3 


3.9 


33.2 


5.5 


51.9 


1.2 


50.7 


36.1 


Feb. 


9.2 


3.7 


31.8 


4.1 


48.7 


.9 


47.8 


27.0 


Mar. 


12.9 


6.0 


44.7 


7.3 


71.0 


1.0 


70.0 


20.9 


Apr. 


10.2 


4.8 


36.7 


5.1 


56.9 


1.4 


55.5 


10.0 


May 


14.5 


8.0 


45.8 


8.4 


76.7 


2.1 


74.6 


29.0 


June 


13.4 


10.2 


45.6 


6.5 


75.7 


1.4 


74.3 


39.6 


July 


14.5 


8.1 


41.9 


7.4 


72.0 


1.0 


71.0 


31.5 


Aug, 


13.1 


9.1 


40.2 


7.5 


70.0 


1.9 


68.1 


33.4 


Sept. 


12.7 


9.0 


41.6 


7.0 


70.2 


1.1 


69.1 


25.1 



CANADIAN IMPORTS FROM BRITISH EMPIRE COUNTRIES OTHER THAN UNITED WNGD0M 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 




"1926 1927 1928 1929 

A TWELVE -MONTH MOVING TOTALS IN !»}' 



1930 



1931 



1932 



1936 1937 



NOVEMBER 1937 



11 



VI— EXTERNAL TRADE: MERCHANDISE EXPORTS 

Millions of Dollars Compiled from Trade of Canada, Dominion Bureau of Statistics 







Merchandise 




Non- 


Monetary Gold 


Total Exports 




















including Non- 




TO 


Total 
Merchandise 


TO 


Net Increase 

in Gold 
Earmarked 


Monetary and 
Earmarked 




U.K. 


Other 
British 


U.S.A. 


Other 
Foreign 


U.K. 


U.S.A. 


Gold 


Calendar Year Totals 




















1926 


459 


96 


458 


248 


1,261 


- 


14 


- 


1,275 


1929 


290 


105 


493 


264 


1,152 


- 


36 


- 


1,189 


1932 


178 


39 


159 


114 


490 


- 


61 


- 


550 


1933 


211 


44 


168 


106 


529 


54 


25 


— 


609 


1934 


270 


65 


219 


95 


649 


27 


83 


- 


759 


1935 


304 


74 


262 


86 


725 


15 (1) 


101 (1) 


- 


842 


1936 


395 


84 


334 


124 


938 


12 


74 


47 


1,071 


12 Months Ending 




















Sept.— 1937 


417 


100 


377 


135 


1,029 


- 


124 


20 


1,173 


Monthly Totals 




















1936— Sept. 


37.2 


7.0 


30.0 


9.6 


83.8 


- 


5.1 


5.2 


94.1 


Oct. 


47.8 


7.9 


33.7 


10.7 


100.1 


- 


10.9 


2.4 


113.4 


Nov. 


50.7 


8.5 


33.0 


15.3 


107.4 


- 


13.5 


- 


121.0 


Dec. 


37.3 


7.4 


35.0 


13.7 


93.3 


- 


4.7 


6.8 


104.9 


1937— Jan. 


30.3 


8.0 


28.1 


10.3 


76.7 


— 


5.6 


4.6 


86.8 


Feb. 


23.6 


6.5 


25.3 


8.7 


64.0 


- 


10.8 


- 


74.8 


Mar. 


30.0 


9.0 


33.9 


10.4 


83.4 


- 


5.0 


2.5 


90.9 


Apr. 


19.5 


7.2 


25.5 


6.3 


58.5 


- 


7.0 


- 


65.5 


May 


34.6 


8.4 


33.6 


12.5 


89.2 


- 


14.3 


- 


103.6 


June 


37.9 


9.6 


32.2 


14.3 


94.0 


— 


19.9 


_ 


113.9 


July 


36.5 


9.3 


32.0 


13.0 


90.8 


- 


8.3 


3.3 


102.5 


Aug. 


35.7 


10.1 


31.9 


11.5 


89.2 


- 


12.2 


- 


101.5 


Sept. 


33.2 


8.6 


32.4 


8.4 


82.5 


— 


11.6 


— 


94.2 



(1) Revised. 



CANADIAN EXPORTS TO BRITISH EMPIRE COUNTRIES OTHER THAN UNITED KINGDOM 



MILLIONS OF DOLLARS 

120 



MILLIONS OF DOLLARS 

120 




1926 1927 1928 1929 

A TWELVE -MONTH MOVINC TOTALS IN 14 J7 



1930 



1931 



1932 



1933 



1934 



1935 



1936 1937 



12 



NOVEMBER 1937 



VII— WHOLESALE COMMODITY PRICES 

1926 = 100 
CANADA U.K. U.S.A. 

Dominion Bureau of Statistics Board of Trade™ Bureau of Labour 





Farm 


Raw 










Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


Monthly 












1936-Oct. 


76.3 


75.2 


76.4 


75.2 


77.1 


Nov. 


77.1 


75.8 


76.2 


75.5 


77.2 


Dec. 


82.4 


79.3 


77.4 


77.3 


79.7 


1937-Jan. 


86.0 


82.4 


79.4 


78.4 


81.3 


Feb. 


87.0 


83.8 


79.7 


78.8 


82.9 


Mar. 


90.0 


86.8 


79.4 


79.7 


85.5 


Apr. 


91.4 


87.5 


80.7 


80.5 


86.1 


May 


87.8 


85.7 


79.9 


80.0 


85.1 


June 


83.7 


83.3 


80.2 


80.1 


84.6 


July 


92.5 


88.3 


84.2 


82.2 


87.5 


Aug. 


84.9 


83.7 


82.9 


81.9 


85.6 


Sept. 


86.1 


83.7 


82.2 


81.2 


85.0 


Oct. 


86.4 


83.5 


83.0 


81.3 


84.7 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


80.2 


78.8 


79.1 


79.3 


81.2 


81.3 


81.3 


83.0 


80.7 


83.8 


82.4 


86.6 


83.4 


88.0 U ' 


83.3 <2) 


89.3 


S3.1 


89.3 


84.2 


90.0 


84.1 (2) 


89.9 


84.8 (2) 


89.7 


86.1 


89.3 



(1) Adjusted to 1926= 100 from base 1913 = 100 in 1926-29 and from base 1930=100 in 1930 and thereafter. 

(2) Revised. (3) Bureau of Labour Index of Finished Products. 



Farm 


Raw 




Manu- 




Products 


Materials 


I'oods 


factures 
(3) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


84.0 


82.1 


82. 6 


82.0 


81.5 


85.1 


83.1 


83.9 


82.6 


82.4 


88.5 


85.6 


85.5 


83.8 


84.2 


91.3 


88.1 


87.1 


84.9 


85.9 


91.4 


88.3 


87.0 


85.4 


86.3 


94.1 


90.1 


87.5 


86.4 


87.8 


92.2 


88.7 


85.5 


87.4 


88.0 


89.8 


87.1 


84.2 


87.5 


87.4 


88. 5 


86.1 


84.7 


87. 7 


87.2 


89.3 


86.5 


86.2 


88.8 


87.9 


86.4 


84.8 


86.7 


89.0 


87.5 


85.9 


84.4 


88.0 


89.1 


87.4 


80.4 


80.7 


85.5 


88.1 


85.4 



WHOLESALE PRICES : CANADA U.K. AND U.S.A. 



INDEX 1926-100 



NDEX 1926=100 




M J J A 
1937 



NOVEMBER 1937 



13 



Canadian Dollars* 



VIII— WHOLESALE PRICES: CHIEF COMMODITIES 

Dominion Bureau of Statistics and Engineering & Mining Journal 





Wheat 


Flour 


Newsprint 


Pulp 


Lumber 


Copper 


Steel 


Cotton 


Gasoline 


Coal 




No. 1 
Northern 


First 
Patent 




Bleached 
Sulphite 


Fir 
Flooring 


Electro- 
lytic 


Billets 


Middling 


Tank 
Wagon 


American 
Bituminous 




Lake-head 


Montreal 


f.o.b. Mills 


f.o.b. Mills 


f.o.b. Mills 


London 


f.o.b. Plant 


Hamilton 


Toronto 


Toronto 




bushel 


barrel 


short ton 


short ton 


M. bd. ft. 


cwt. 


long ton 


pound 


gallon 


short ton 


Annual Average 

1926 


1.50 


8.82 


65.0 


80.0 


26.0 


13.8 


38.0 


.194 


.253 


6.47 


1929 


1.34 


7.93 


55.0 


75.0 


24.8 


18.3 


36.0 


.199 


.199 


6.02 


1932 


.56 


4.81 


50.2 


55.0 


14.5 


6.3 


34.0 


.085 


.179 


5.65 


1933 


.61 


5.09 


37.1 


52.5 


14.3 


7.5 


34.0 


.106 


.173 


5.35 


1934 


.75 


5.50 


32.9 


55.0 


14.5 


7.4 


34.0 


.138 


.163 


5.73 


1935 


.84 


5.43 


33.4 


53.5 


15.1 


7.8 


34.0 


.138 


.158 


5.86 


1936 


.94 


6.08 


34.2 


53.0 


22.2 


9.5 


34.2 


.141 


.149 


6.75 


Monthly 

1936— Oct. 


1.11 


7.00 


34.2 


53.0 


20.5 


9.9 


34.0 


.142 


.150 


6.75 


Nov. 


1.08 


6.60 


34.2 


53.0 


19.5 


10.6 


34.0 


.140 


.150 


6.75 


Dec. 


1.20 


7.50 


34.2 


53.0 


24.0 


11.0 


30.0 


.147 


.150 


6.75 


1937— Jan. 


1.25 


7.50 


36.2 


55.0 


27.0 


12.3 


36.0 


.150 


.150 


6.75 


Feb. 


1.27 


7.60 


36.2 


55.0 


27.0 


14.0 


38.0 


.153 


.160 


6.75 


Mar. 


1.36 


7.90 


36.2 


55.0 


32.3 


16.6 


42.0 


.167 


.160 


6.75 


Apr. 


1.39 


7.50 


36.1 


62.0 


32.3 


14.6 


42.0 


.161 


.160 


6.75 


May 


1.31 


7.40 


36.0 


62.0 


29.5 


14.0 


42.0 


.155 


.160 


6.75 


June 


1.24 


7.30 


36.1 


62.0 


29.5 


13.5 


42.0 


.151 


.160 


6.75 


July 


1.46 


8.80 


36.1 


71.5 


28.0 


14.0 


42.0 


.153 


.160 


6.75 


Aug. 


1.32 


8.10 


36.1 


71.5 


26.0 


14.2 


42.0 


.131 


.160 


6.75 


Sept. 


1.34 


7.60 


36.1 


71.5 


25.0 


13.2 


42.0 


.109 


.160 


6.75 


Oct. 


1.42 


7.80 


36.1 


74.0 


24.5 


11.4 


42.0 


.104 


.160 


6.75 



* Prices have been converted into Canadian funds where necessary. 



WHOLESALE PRICES ' FOREST PRODUCTS 



RATIO SCALE 



DOLLARS 




1926 '27 "28 '29 



30 '31 '32 '33 '34 "35 

r.O.B. MILLS CONVERTED INTO CANADIAN fUNDS WHERE NECESSARY. 



*36 O 



N D 

1936 



M J 

1937 



14 



NOVEMBER 1937 



IX— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 


PRODUCTION 


Con- 




Employ- 
ment 
Index"' 




Volume 

of 

Business 

Index 

1926 = 100 


Gold 


Copper 


Steel 


Auto- 
mobiles 
and 


News- 
print 


Electric 
Power 


struction 
Contracts 
Awarded 


Car 
Loadings 










Trucks 










1926 = 100 




Thousands 


Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 


Thousands 








Fine Ounces 


Short Tons 


Long Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 




Annual Totals^) 






















1926 


100.0 


1,754 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1929 


125.5 


1,928 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1932 


78.7 


3,044 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


2,949 


150 


410 


66 


2,017 


17,339 


97 


2,032 


84.2 


1934 


94.2 


2,972 (3) 


182 


759 


117 


2,598 


21,160 


126 


2,321 


96.4 


1935 


102.4 


3,285 


210 


936 


173 


2,753 


23,405 


160 


2,358 


99.8 


1936 


112.2 


3,748 


211 


1,114 


163 


3,180 


25,394 


163 


2,494 


104.0 


Monthly 






















1936-May 


107.6 


309.9 (3) 


17.6 (3 > 


94.6 


20.0 


267.1 


2,083 


15.0 


190.1 


102.4 


June 


111.1 


318.1 


15.6 


82.2 


16.4 


270.1 


2,029 


20.8 


200.8 


100.5 


July 


110.8 


321.1 (3) 


14.3 


68.8 


10.5 


274.6 


2,021 


17.9 


202.7 


100.9 


Aug. 


113.5 


330.5 


17.7 


80.2 


4.7 


270.1 


2,020 


15.5 


222.0 


101.1 


Sept. 


120.0 


332.4 


18.1 


86.1 


4.7 


269.8 


2,041 


16.6 


251.3 


102.7 


Oct. 


121.5 


335.7 


17.3 


98.3 


5.4 


301.1 


2,281 


15.0 


263.5 


105.0 


1937-May 


122.0 


340.1 


20.8 


120.8 


23.5 


309.2 


2,301 


24.2 


208.8 


109.4 


June 


126.0 


344.9 


21.3 


118.7 


23.8 


310.9 


2,255 


30.4 


214.2 


112.6 


July 


126.5 


347.5 


20.9 


123.0 


17.9 


314.5 


2,188 


21.5 


219.3 


114.9 


Aug. 


123.4 


348.5 


22.3 


126.7 


10.7 


318.7 


2,198 


24.8 


231.0 


114.9 


Sept. 


123.8 


348.1 


24.0 


114.6 


4.4 


312.4 


2,195 


21.7 


262.0 


118.1 


Oct. 








114.5 


8.1 


314.6 


2,365 


20.2 


260.0 


119.8 



(1) As at first of month, seasonally adjusted. 
(3) Revised. 



(2) Average of months in case of Physical Volume of Business and Employment Indexes. 



COPPER: VOLUME AND VALUE OF PRODUCTION AND PRICE 



RATIO SCALE 







CALENDAR YEAR TOTALS 




600 


















|400 

boo 

1200 
150 

i 
























/ 








y 


\ « 


OLUME 
ODUCTiriN 






^ 

* 












10 
5 50 

J 

_i 














j^**^ 


VALUt 
OF PRODUCTION 




a 

1 30 

20 
16 




/ 


\ 


\ 


y 




t 


\ 


J> 


+' 


-«/ 




IX 


/ 








1 


t 




1 12 

a. 
















V (ANNUAL AVERAGE) 




a. 

1 8 
6 








V 




i 


1 






y^\ 


j 












i 



1926 27 



'28 



'30 '31 



'32 '33 



'35 '36 




NOVEMBER 1937 



15 



X— ELECTRIC POWER PRODUCTION 



Millions of Kilowatt Hours 


Dominion Bureau 


of Statistics and Bank of Canada 






1 


Output of Central Electric Stations 








Firm 








Exports 


Deliveries 

to 

Electric 

Boilers 


Losses 
(Estimated) 


Power 




Generated 

by 

Water 


Generated 

by 

Fuel 


Total 


Consump- 
tion 
(Estimated) 


Daily average 
















1926 


32.6 


.5 


33.1 


4.1 


2.7 


4.4 


22.0 


1929 


48.5 


.7 


49.2 


4.0 


5.9 


6.8 


32.5 


1932 


43.0 


.9 


43.9 


1.8 


7.8 


6.3 


28.0 


1933 


46.6 


.9 


47.5 


2.7 


9.9 


6.7 


28.2 


1934 


57.0 


1.0 


58.0 


3.4 


14.1 


8.2 


32.3 


1935 


63.1 


1.1 


64.1 


3.7 


17.0 


9.1 


34.3 


1936 


68.4 


1.2 


69.6 


4.3 


18.9 


9.8 


36.6 


12 Months Ending 
















Oct.— 1937 


73.4 


1.3 


74.8 


4.9 


20.1 


10.5 


39.3 


1936— Oct. 


75.4 


1.4 


76.8 


4.2 


19.9 


10.9 


41.8 


Nov. 


74.0 


1.4 


75.4 


4.2 


21.8 


10.7 


38.7 


Dec. 


73.7 


1.3 


75.0 


4.1 


21.3 


10.6 


38.9 


1937— Jan. 


73.4 


1.3 


74.8 


4.4 


22.8 


10.6 


37.0 


Feb. 


75.3 


1.4 


76.7 


4.9 


23.7 


10.8 


37.3 


Mar. 


76.5 


1.3 


77.8 


5.6 


22.8 


10.8 


38.6 


Apr. 


76.2 


1.2 


77.4 


5.5 


21.6 


10.8 


39.6 


May 


73.0 


1.2 


74.2 


5.2 


20.0 


10.4 


38.7 


June 


73.9 


1.3 


75.2 


5.3 


20.0 


10.5 


39.4 


July 


69.3 


1.3 


70.6 


5.3 


16.6 


9.8 


38.9 


Aug. 


69.5 


1.4 


70.9 


5.2 


15.9 


9.8 


39.9 


Sept. 


71.7 


1.4 


73.2 


4.8 


16.2 


10.3 


41.9 


Oct. 


74.8 


1.5 


76.3 


4.6 


18.3 


10.8 


42.7 



MILLIONS OF KILOWATT HOURS 



ELECTRIC POWER PRODUCTION 



MILLIONS OF KILOWATT HOURS 

80 




1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 JFMAMJJASONDJFMAMJ JASOND 

1936 1937 



16 



NOVEMBER 1937 



Thousands 



XI— AGRICULTURE: LIVESTOCK MARKETINGS" 

Department of Agriculture and Dominion Bureau of Statistics 



Thousands 



Calendar 


MARITIMES 


Years 


CATTLE 


CALVES 


HOGS 


SHEEP 


1925 


4 


3 


10 


31 


1926 


2 


2 


9 


24 


1927 


4 


9 


19 


24 


1928 


7 


10 


31 


22 


1929 


5 


10 


40 


24 


1930 


2 


2 


21 


11 


1931 


1 


2 


19 


15 


1932 


1 


1 


17 


9 


1933 


1 


1 


16 


5 


1934 


5 


2 


29 


19 


1935 


6 


15 


23 


18 


1936 


7 


9 


55 


15 



Calendar 


ONTARIO 


Years 


CATTLE 


CALVES 


HOGS 


SHEEP 


1925 


408 


210 


1,489 


188 


1926 


388 


213 


1 ,467 


185 


1927 


393 


215 


1 ,642 


233 


1928 


402 


194 


1,516 


248 


1929 


399 


206 


1,307 


278 


1930 


341 


165 


1 ,054 


254 


1931 


315 


164 


1,121 


266 


1932 


311 


172 


1 ,326 


245 


1933 


362 


187 


1 ,357 


242 


1934 


397 


278 


1,176 


302 


1935 


369 


257 


1 ,065 


273 


1936 


43S 


278 


1,613 


252 



Calendar 


SASKATCHEWAN 


Years 


CATTLE 


CALVES 


HOGS 


SHEEP 


1925 


220 


29 


343 


28 


1926 


211 


33 


278 


33 


1927 


207 


34 


283 


28 


1928 


176 


29 


286 


32 


1929 


165 


29 


338 


43 


1930 


111 


24 


315 


43 


1931 


137 


26 


399 


59 


1932 


106 


25 


491 


56 


1933 


124 


31 


490 


65 


1934 


181 


48 


491 


82 


1935 


271 


65 


440 


79 


1936 


313 


89 


570 


94 



Thousands 



QUEBEC 


CATTLE 


CALVES 


HOGS 


SHEEP 


26 


74 


78 


159 


25 


88 


117 


148 


43 


96 


141 


160 


59 


108 


113 


154 


54 


121 


71 


166 


36 


100 


83 


135 


28 


86 


112 


146 


28 


82 


74 


114 


35 


100 


66 


145 


42 


107 


85 


125 


41 


118 


149 


134 


32 


114 


251 


123 



MANITOBA 


CATTLE 


CALVES 


HOGS 


SHEEP 


104 


20 


260 


20 


120 


26 


224 


25 


139 


36 


272 


30 


114 


32 


243 


32 


104 


29 


222 


39 


70 


25 


200 


41 


95 


28 


269 


51 


67 


26 


281 


40 


86 


34 


244 


62 


125 


61 


231 


90 


141 


77 


212 


89 


129 


82 


268 


81 



ALBERTA 


CATTLE 


CALVES 


HOGS 


SHEEP 


312 


49 


647 


52 


307 


59 


604 


61 


234 


51 


544 


40 


207 


46 


586 


53 


194 


62 


682 


80 


116 


37 


629 


107 


122 


33 


723 


109 


107 


29 


1,008 


113 


134 


35 


1,032 


159 


184 


57 


1,013 


206 


258 


83 


954 


226 


364 


109 


1 ,039 


247 



CANADA 



Dollars 



Calendar 


Marketings of Chief Producing Areas 12 ' 


Years 


CATTLE 


CALVES 


HOGS 


SHEEP 


1925 


1,074 


385 


2,827 


478 


1926 


1 ,053 


421 


2,699 


476 


1927 


1,020 


434 


2,901 


515 


1928 


965 


419 


2,775 


541 


1929 


921 


457 


2,660 


630 


1930 


676 


353 


2,302 


591 


1931 


698 


339 


2,643 


646 


1932 


620 


335 


3,197 


577 


1933 


742 


388 


3,205 


678 


1934 


934 


553 


3,025 


824 


1935 


1,086 


615 


2,843 


819 


1936 


1,283 


681 


3,796 


812 



Average 


3 rices per Cv> 


t. on Leadin 


g Markets 


CATTLE 


CALVES 


HOGS 


SHEEP 


4.65 


6.85 


11.90 


11.85 


4.95 


7.05 


12.65 


10.95 


5.75 


7.80 


9.95 


10.55 


7.55 


9.30 


9.80 


11.10 


7.35 


9.65 


11.20 


10.20 


6.35 


7.90 


11.10 


7.80 


4.30 


5.40 


6.25 


6.40 


3.60 


4.00 


3.95 


4.80 


3.00 


3.75 


5.00 


5.35 


3.10 


4.10 


7.70 


5.60 


3.70 


4.85 


8.05 


6.15 


3.45 


5.20 


7.95 


6.80 



( 1 ) Shipments to stock-yards, to packers, and direct for export, classified by provinces in which shipments originated. These figures include marketings of 
livestock which are returned to farms for feeding and other purposes. (2) All provinces except British Columbia for which figures are not available. 



NOVEMBER 1937 



17 



THOUSANDS 



4000 



3500 



3000 



2500 



VOLUME OF LIVESTOCK MARKETINGS 

TOTAL FOR CHIEF PRODUCING PROVINCES 



4000 



3500 



3000 



2500 




LIVESTOCK MARKETINGS : INDEXES OF VALUE 



RATIO SCALE 




1925 1926 1927 1928 1929 1930 1931 1932 " 1933 1934 1935 

(I) VOLUME OF MARKETINGS INDEX MULTIPLIED BY AVERAGE PRICE INDEX, BOTH CALCULATED FROM FIGURES ON PAGE 16. 



r 



AZ. 



TATISTICAL SUMMARY 



BANK OF CANADA 




; i-«^ 



_..^w» 



DECEMBER 1937 



TABLE OF CONTENTS 



I Bank of Canada 
II Chartered Banks 



III Security Prices: 

1. Gov't Securities Payable in Canada only 

2. Gov't Securities: Canada, U.K., and U.S.A. 



IV Foreign Exchange Rates . 
V Stock Exchange Statistics 
VI Industrial Activity 



VII Wholesale Price Indexes: 

Canada, U.K., and U.S.A 

VIII Internal Trade: Retail Merchandise Sales 



IX External Trade: 

1. Value of Imports by Commodities 

2. Value of Exports by Commodities 



Tables 
Page 


Charts 
Page 


2-3 


1 


4-5 


2-5 


6 


6 


7 


7 


8 


8-9 


10 


10 


11 


11 


12 


12 


13 


13 


14 


14 


15 


15 



X Agriculture: Dairying 



16-17 



TABLES OR CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE 
STATISTICAL SUMMARY, AND ITS DATE, ARE SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and Charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 
this is the case a total does not necessarily equal the sum of its constituent items. 

Subscription: $3.00 a year, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



DECEMBER 1937 



BANK OF CANADA 



SOURCES AND DISTRIBUTION OF CASH 

MONTHLY AVERAGE OF WEDNESDAY FIGURES 



MILLIONS OF DOLLARS 




MILLIONS OF DOLLARS 

V425 




Millions of Dollars 



DECEMBER 1937 
I— B, 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 

Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Tot 

Asse 

or 

Liabil 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Wednesday Figures 

1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


294, 


1936-12 Mths. 


40.4 


184.7 


225.2 


22.5 


1.0 


64.0 


9.4 


322. 


1936— Nov. 


47.9 


199.1 


247.0 


20.8 


.7 


80.9 


16.2 


365, 


Dec. 


46.2 


192.0 


238.2 


24.1 


2.1 


83.5 


14.1 


362. 


1937— Jan. 


52.1 


190.3 


242.4 


22.1 


2.0 


77.9 


12.6 


357, 


Feb. 


44.0 


194.5 


238.5 


34.6 


1.0 


76.2 


12.4 


362, 


Mar. 


42.5 


195.8 


238.3 


29.7 


1.6 


80.2 


14.1 


363. 


Apr. 


46.5 


191.7 


238.2 


31.2 


1.2 


82.4 


12.3 


365 


May 


46.4 


193.4 


239.8 


22.0 


1.0 


84.5 


13.0 


360 


June 


45.5 


190.3 


235.8 


19.8 


.6 


86.4 


13.4 


355 


July 


49.5 


182.8 


232.3 


13.2 


.6 


87.0 


12.6 


345 


Aug. 


51.4 


175.3 


226.7 


24.1 


.8 


92.3 


13.3 


357 


Sept. 


53.5 


183.1 


236.6 


28.7 


1.0 


102.0 


13.5 


381 


Oct. 


57.0 


186.0 


243.0 


32.8 


.6 


105.6 


13.5 


395 


Nov. 


54.6 


215.2 


269.8 


30.0 


1.7 


105.0 


14.1 


420 


Wednesdays 

Dec. 1 


50.7 (1) 


200.8 


251.5 (l) 


28.4 


.7 


105.4 (I) 


26.3 


412 


8 


53.6 (1) 


197.4 


251.0 (U 


26.2 


2.1 


104.6 (,) 


16.0 


399 


15 


53.5 (1) 


197.8 


251.3 C1) 


20.9 


3.2 


106.9 (1) 


15.7 


398 


22 


53.5 (1) 


196.6 


250.1 (1) 


19.2 


3.0 


112.3 (1) 


14.4 


399 



(1) Estimates. 



(2) Includes "Other Securities". 



ACTIVE NOTE CIRCULATION 



MILLIONS OF DOLLARS 



CHARTERED BANK AND ACTIVE DOMINION OR BANK OF CANADA NOTES 
MONTHLY AVERAGE OF DAILY FIGURES 



MILLIONS OF DOLLARS 




1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 



DECEMBER 1937 


















IF CANADA 












Millions of Dollars 


ASSETS 




Reserve 


Securities 








Gold 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 

Short 


Dom.-Prov. 
Long 


Total"' 


Advances 


All 

Other 

Accounts 




154.6 
179.7 


1.4 
1.8 


10.3 
11.4 


166.2 
192.9 


57.87 
61.69 


25.6 
37.0 


94.0 
86.3 


119.6 
123.2 


4.1 
1.7 


4.0 
4.2 


Average of 
Wednesday Figures 

1935- 9Mths. 
1936-12Mths. 


179.2 
179.3 


2.0 
2.0 


12.3 
14.6 


193.5 
196.0 


55.37 
56.34 


63.0 
62.2 


100.7 
99.5 


163.7 
161.7 


1.0 


7.4 
4.3 


Nov.— 1936 
Dec. 


179.5 
179.5 
183.2 
190.8 
188.2 


2.3 
2.3 
2.3 

2.4 
2.4 


11.7 
14.7 
18.6 
16.1 
14.1 


193.4 
196.4 
204.2 
209.3 
204.7 


56.16 
56.07 
58.37 
59.28 
58.96 


61.7 
58.7 
51.8 
50.5 

47.7 


98.0 
102.9 
101.8 
101.7 
101.3 


159.7 
161.7 
153.6 
152.3 
149.0 


- 


3.9 
4.6 
6.1 
3.8 
6.5 


Jan.— 1937 

Feb. 

Mar. 

Apr. 

May 


183.5 
181.0 
179.5 
179.5 
179.5 
.79.9 


2.5 
2.5 
2.5 
2.6 
2.6 
2.7 


21.9 
18.2 
23.7 
28.6 
28.5 
26.7 


207.9 
201.7 
205.8 
210.6 
210.6 
209.2 


60.70 
60.56 
59.83 
57.18 
55.13 
51.47 


39.5 
33.6 
40.9 

58.7 
72.7 
96.0 


100.2 
96.2 
94.2 
96.8 
96.5 
97.1 


143.7 
139.8 
145.6 
166.5 
180.5 
205.3 


- 


4.3 
4.2 
5.8 

4.7 
4.5 
6.1 


June 

July 

Aug. 

Sept. 

Oct. 

Nov. 


.79.6 
.79.7 
79.7 
79.8 


2.7 
2.7 
2.7 
2.7 


20.7 
22.4 
22.0 
24.3 


203.0 
204.9 
204.4 
206.8 


52.59 
53.36 
53.46 
53.76 


83.9 
81.8 
80.8 
83.7 


96.9 
96.1 
95.2 
92.1 


192.9 
190.2 
188.2 
188.0 


- 


16.4 
4.8 
5.5 

4.2 


Wednesdays 

Dec. 1 

8 
15 
22 



CHARTERED BANKS : CANADIAN DEPOSITS 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



2400 



2300 



2200 



2100 



2000 



1900 



I800 1 




1929 1930 1931 1932 1933 1934 1935 

CI) AVERAGE OF MONTH-END FIGURES JAN 1926 TO FEB 1935 ; THEREAFTER MONTHLY AVERAGE OF OAILY FIGURES. 



1939 



1940 



2400 



2300 



2200 



2100 



2000 



1900 



1800 



DECEMBER 1937 



II 



Millions of Dollars 



CHAT 

Be, 





LIABILITIES 






Notes 


Deposits 


Cash 
in 


Securities 








Dom. 


Canadian 




Total 


DOM.-PROV. 








Demand 


Time 


and Prov. 


Deposits* 1 ' 


Foreign 


Deposits' 2 ' 


Canada ' 




O e 




Short 


Long 


Average of 
























Month-end Figures 
























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


13 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


U 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


25 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


: 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


] 


1935 


126 


569 


1,445 


65 


2,108 


348 


2,476 


216 


407 


454 


] 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


r 
^ 3 


1936— Nov. 


116 


680 


1,547 


42 


2,300 


415 


2,734 


259 


425 


633 


27 


Dec. 


109 


682 


1,548 


72 


2,323 


418 


2,773 


235 


469 


647 


: 


1937— Jan. 


109 


644 


1,549 


137 


2,283 


406 


2,788 


241 


470 


639 


SJ 


Feb. 


114 


656 


1,564 


150 


2,319 


421 


2,843 


233 


476 


647 


2 


Mar. 


113 


711 


1,584 


75 


2,393 


424 


2,853 


237 


482 


653 


2> 


Apr. 


111 


732 


1,583 


67 


2,420 


418 


2,865 


240 


477 


660 


: 


May 


110 


700 


1,573 


99 


2,410 


420 


2,854 


234 


489 


643 


tj 


June 


113 


713 


1,570 


96 


2,430 


425 


2,877 


233 


440 


697 


; 


July 


113 


667 


1,572 


83 


2,368 


427 


2,819 


226 


429 


697 


3 5 


Aug. 


111 


686 


1,578 


80 


2,391 


434 


2,848 


235 


391 


727 


31 


Sept. 


108 


714 


1,575 


83 


2,414 


425 


2,862 


233 


404 


716 


a 


Oct. 


112 


679 


1,584 


70 


2,372 


426 


2,821 


247 


429 


665 


3? 


Nov. 


107 


695 


1 ,570 


86 


2,395 


413 


2,825 


268 


425 


660 


a 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank Deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits. 



MILLIONS OF DOLLARS 

1600, 



CHARTERED BANKS CURRENT LOANS TO PUBLIC IN CANADA 



MONTH- END FIGURES 



MILLIONS OF DOLLARS 

1600 







1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 



DECEMBER 


1937 










ED BANKS 












mada 














ASSETS 




Loans 




Total 


CANADA 


ABROAD 


Total 

Assets 


Call 


Current 


Current 


Call 


Current 






Public 


Other 








533 


140 


934 


87 


250 


261 


2,864 


499 


267 


1,343 


112 


301 


248 


3,528 


696 


117 


1,032 


165 


84 


172 


2,869 


841 


102 


907 


147 


92 


148 


2,831 


867 


102 


869 


145 


107 


138 


2,838 


1,044 


82 


829 


134 


72 


146 


2,957 


1,331 


93 


699 


121 


64 


150 


3,145 


1,316 


116 


693 


108 


75 


156 


3,206 


1,384 


114 


675 


115 


75 


162 


3,242 


1,412 


119 


687 


109 


72 


162 


3,262 


1,422 


119 


692 


113 


68 


168 


3,329 


1,427 


124 


694 


120 


76 


172 


3,337 


1,440 


121 


710 


125 


72 


168 


3,347 


1,438 


117 


728 


125 


77 


161 


3,334 


1,442 


116 


728 


125 


70 


159 


3,359 


i,431 


114 


735 


117 


73 


158 


3,299 


,446 


114 


748 


115 


75 


160 


3,326 


,446 


100 


771 


112 


64 


172 


3,340 


,411 


82 


770 


121 


53 


173 


3,299 


i ,391 


87 


768 


116 


52 


159 


3,293 


i Figures gi 


ven are ann 


ial averages o 


estimated n 


lonth-end C 


inadian dep 


asits in 1926-35 ; 


Charterec 


Bank note 


circulation an 


i Bank of Ci 


inada notes 


in public cir 


culation. 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Ratio of 


Total 




Canadian 


Cash to 


Active 




in 
Canada' 3 ' 


Deposits (4 > 


Deposits in 


Note 






Canada 


Circulation' 51 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


213 


2,108 


10.1 


169 


1935 


225 


2,213 


10.2 


182 


1936 


247 


2,274 


10.9 


194 


Nov.-1936 


238 


2,285 


10.4 


200 


Dec. 


240 


2,302 


10.4 


182 


Jan.— 1937 


238 


2,301 


10.3 


184 


Feb. 


238 


2,347 


10.1 


191 


Mar. 


236 


2,364 


10.0 


193 


Apr. 


239 


2,383 


10.0 


195 


May 


237 


2,374 


10.0 


195 


June 


230 


2,373 


9.7 


199 


July 


225 


2,373 


9.5 


203 


Aug. 


235 


2,383 


9.9 


213 


Sept. 


242 


2,371 


10.2 


217 


Oct. 


269 


2,361 


11.4 


213 


Nov. 



CHARTERED BANKS CALL LOANS IN CANADA 



MILLIONS OF DOLLARS 

300 



MONTH- END FIGURES 



MILLIONS OF DOLLARS 

300 




1937 1938 1939 1940 



Ill— SECURITY PRICES 

Bank of Canada 



DECEMBER 1937 



Dominion of Canada Bonds Payable in Canada Only 
Middle Prices and Yields 





i%% due Nov. 1, 


3% due J 


une 1, 


5% due Oct. 15, 


2V 2 % due 


June 1, 


iy 2 % due 


June 1, 




1948-58 


1950-55 


1943 


1943 


1940 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Price 


Yield 


Average of 






















Working Days 


















(1) 


(i) 


1936 


111.43 


3.36 


99.91 


3.00 


114.80 


2.74 


102.68 


2.08 


100.75 


1.30 


1936— Nov. 


112.30 


3.25 


100.49 


2.96 


114.47 


2.69 


101.97 


2.18 


100.42 


1.38 


Dec. 


112.81 


3.20 


101.21 


2.89 


114.88 


2.61 


102.45 


2.09 


100.37 


1.39 


1937— Jan. 


112.39 


3.23 


100.47 


2.96 


114.20 


2.69 


102.15 


2.14 


100.25 


1.42 


Feb. 


110.27 


3.43 


98.38 


3.12 


112.11 


2.98 


101.44 


2.25 


99.86 


1.54 


Mar. 


108.12 


3.64 


95.90 


3.32 


110.91 


3.15 


100.85 


2.35 


99.87 


1.54 


Apr. 


107.78 


3.67 


95.49 


3.33 


111.20 


3.09 


100.47 


2.42 


100.01 


1.50 


May 


108.96 


3.54 


95.62 


3.32 


111.69 


2.98 


100.57 


2.40 


100.16 


1.45 


June 


109.93 


3.44 


96.24 


3.28 


112.38 


2.85 


101.30 


2.27 


100.35 


1.38 


July 


109.99 


3.43 


96.61 


3.25 


112.25 


2.85 


101.56 


2.22 


100.38 


1.36 


Aug. 


110.54 


3.37 


97.19 


3.21 


112.35 


2.80 


101.62 


2.20 


100.45 


1.33 


Sept. 


110.44 


3.37 


96.99 


3.22 


111.97 


2.84 


101.29 


2.26 


100.05 


1.48 


Oct. 


109.57 


3.45 


96.09 


3.29 


111.24 


2.94 


100.64 


2.38 


99.42 


1.73 


Nov. 


109.95 


3.40 


96.08 


3.30 


111.16 


2.93 


100.06 


2.49 


99.19 


1.83 


Dec. (2) 


110.30 


3.36 


97.18 


3.21 


111.65 


2.82 


100.41 


2.42 


99.45 


1.73 



Lc (1) Average July~l-Dec. 31. 



(2)>verage 1-20. 



DOMINION OF CANADA DOMESTIC BOND YIELDS 1936-37 

DAILY OPENING QUOTATIONS 




"73ov DEC JAIn" FEB MAR APR ~ MAY JUNE JULY AUG. SEPT OCT NOV DEC 



I AVERAGE RATE OF SUCCESSFUL TENDERS FOR NEW OFFERINGS 



DECEMBER 1937 




III— SECURITY PRICES 

Bank of Canada 









Government Bonds* 1 






Treasury Bills 






j 


Middle Prices and Yields 




A verage 


Yield of Successful 
Tender s^ 




Canada 


U. K.< 2 > 


U.S.A.< 3 > 


Canada 


U.K. 


U.S.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 


3 Months 


3 Months 


9 Months 


Average of 




















Working Days 




















1936 


105.67 


3.18 


106.48 


3.06 


103.45 


2.67 


.843 


.595 


.131 


1936— Nov. 


106.40 


3.11 


106.96 


3.02 


105.00 


2.56 


.749 


.526 


.101 


Dec. 


107.01 


3.05 


105.68 


3.11 


105.17 


2.55 


.747 


.906 


.117 


1937— Jan. 


106.43 


3.09 


104.87 


3.16 


105.57 


2.51 


.747 


.526 


.345 


Feb. 


104.33 


3.28 


102.38 


3.33 


105.65 


2.50 


.776 


.520 


.373 


Mar. 


102.01 


3.47 


101.21 


3.41 


104.14 


2.62 


.805 


.521 


.525 


Apr. 


101.64 


3.50 


101.81 


3.37 


101.15 


2.84 


.771 


.527 


.667 


May 


102.29 


3.43 


101.85 


3.37 


101.53 


2.81 


.715 


.509 


.685 


June 


103.09 


3.36 


100.36 


3.47 


101.52 


2.81 


.643 


.701 


.572 


July 


103.30 


3.34 


99.36 


3.52 


102.04 


2.77 


.632 


.504 


.514 


Aug. 


103.87 


3.29 


99.47 


3.52 


102.00 


2.77 


.636 


.523 


.459 


Sept. 


103.72 


3.30 


99.51 


3.52 


101.35 


2.82 


.632 


.496 


.584 


Oct. 


102.83 


3.37 


100.19 


3.49 


101.48 


2.81 


.696 


.535 


.362 


Nov. 


103.02 


3.35 


101.43 


3.39 


102.06 


2.76 


.816 


.509 


.143™ 




(7) 


(7) 


(7) 


(7) 


(7) 


(7) 








Dec. 


103.74 


3.29 


101.39 


3.40 


102.68 


2.72 


.761 


.688 


.124™ 



(1) Average of two long term issues noted on chart below for each country. 

(2) United Kingdom issues are quoted in London to include accrued interest but are given here excluding interest. 

(3) Exempt from "normal" Federal income and certain State taxes. 

(4) On (or nearest to) 15th of each month. (5) 120 days. (6) 96 days. (7) Average Dec. 1-20. 



COMPARISON OF LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 1936-37 



24% 



DAILY OPENING QUOTATIONS 




NOV DEC JAN FEB. MAR APR MAY JUNE JULY AUG. SEPT. OCT. NOV. 



DECEMBER 1937 



Cents per unit 



IV— FOREIGN EXCHANGE RATES 

Federal Reserve Bulletin and Bank of Canada'- 1 ' 1 





Sterling in 


U.S. Doll 


ir 


Can. Dollar 


Sterling in 


French Franc 




Canada 


in Canada 


in New York 


New York 


in New York 






Premium or 




Premium or 




Premium or 




Premium or 




Premium or 


Average of All 




Discount (2) 




Discount (2) 




Discount Oi 




Discount (2) 




Discount (2) 


Working Days 




% 






% 




% 




% 




% 


1928 


487.07 


+ .08 


100.09 


+ 


.09 


99.91 


- .09 


486.62 


- .01 


3.921 


+ .08 


1929 


489.34 


+ .55 


100.75 


+ 


.75 


99.25 


- .75 


485.69 


- .20 


3.916 


- .05 


1930 


486.98 


+ .07 


100.16 


+ 


.16 


99.84 


- .16 


486.21 


- .09 


3.925 


+ .18 


1931 


470.80 


- 3.26 


103.81 


+ 3.81 


96.33 


- 3.67 


453.50 


- 6.82 


3.920 


+ .05 


1932 


398.01 


-18.21 


113.52 


+13.52 


88.09 


-11.91 


350.61 


-27.96 


3.928 


+ .26 


1933 


460.73 


- 5.33 


108.74 


+ 


8.74 


91.96 


- 8.04 


423.68 


-12.94 


5.031 


+28.41 


1934 


498.91 


+ 2.52 


99.00 


— 


1.00 


101.01 


+ 1.01 


503.93 


+ 3.55 


6.569 


+67.67 


1935 


492.67 


+ 1.24 


100.50 


+ 


.50 


99.49 


- .51 


490.18 


+ .72 


6.601 


+68.48 


1936 


497.49 


+ 2.22 


100.06 


+ 


.06 


99.94 


- .06 


497.17 


+ 2.16 


6.114 


+56.05 


1936— Nov. 


488.17 


+ .31 


99.86 


— 


.14 


100.14 


+ .14 


488.85 


+ .45 


4.647 


+ 18.61 


Dec. 


490.42 


+ .77 


99.93 


- 


.07 


100.07 


+ .07 


490.78 


+ .85 


4.668 


+ 19.15 


1937— Jan. 


490.93 


+ .88 


100.03 


+ 


.03 


99.97 


- .03 


490.77 


+ .85 


4.667 


+ 19.12 


Feb. 


489.53 


+ .59 


100.02 


+ 


.02 


99.98 


- .02 


489.43 


+ .57 


4.656 


+ 18.84 


Mar. 


488.24 


+ .33 


99.95 


— 


.05 


100.05 


+ .05 


488.53 


+ .39 


4.595 


+ 17.28 


Apr. 


490.95 


+ .88 


99.86 


— 


.14 


100.14 


+ .14 


491.63 


+ 1.02 


4.496 


+ 14.76 


May 


493.13 


+ 1.33 


99.84 


- 


.16 


100.16 


+ .16 


493.92 


+ 1.49 


4.477 


+ 14.27 


June 


493.80 


+ 1.47 


100.05 


+ 


.05 


99.95 


- .05 


493.55 


+ 1.42 


4.440 


+ 13.33 


July 


497.36 


+ 2.20 


100.13 


+ 


.13 


99.87 


- .13 


496.76 


+ 2.08 


3.805 


- 2.88 


Aug. 


498.26 


+ 2.38 


100.0.1 


+ 


.01 


99.99 


- .01 


498.22 


+ 2.38 


3.750 


- 4.29 


Sept. 


495.32 


+ 1.78 


100.00 






100.00 


— 


495.30 


+ 1.78 


3.519 


-10.18 


Oct. 


495.42 


+ 1.80 


99.98 


— 


.02 


100.02 


+ .02 


495.53 


+ 1.82 


3.349 


-14.52 


Nov. 


499.07 


+ 2.55 


99.92 


— 


.08 


100.08 


+ .08 


499.48 


+ 2.64 


3.395 


-13.36 



(1) Noon buying rates except for sterling and dollar rates in 1936-37, which are noon middle rates. 

(2) Based on pre-1931 pars of $4.86656, $1.00, and 3.9179c. respectively. 



FORWARD EXCHANGE RATES : U.S. DOLLAR IN CANADA 



CANADIAN DOLLARS 



CANADIAN DOLLARS 




2% 

£% 

i % 

±0/ 

2 so 


















ANNUAL INTEREST EQUIVALENT OF 3 MONTHS FORWARD PREMIUM 
MONTHLY HIGH, LOW AND AVERAGE OF DAILY FIGURES 
































f+- HIGH 


— 


— 




^f 
















LOVv 


^ 


p#- AVERAGE 






— 




1 ! 1 1 ; 


Mill 



2% 



l£% 



1% 



A S 
1935 



J J 
1936 



1937 



DECEMBER 1937 



IV— FOREIGN EXCHANGE RATES 

POUND STERLING AND US. DOLLAR IN CANADA 



PERCENTAGE PREMIUM OR DISCOUNT FROM 1928 PAR 



25% 




J<?8 



1929 



936 1937 



45% 



AUSTRALIAN POUND & ARGENTINE PAPER PESO IN CANADA 

PERCENTAGE PREMIUM OR DISCOUNT EROM 1928 PAR 




1928 1929 1930 193) 1932 

U) SOURCE" FEDERAL RESERVE BULLETIN AND DOMINION BURCAU OF STATISTIC*. 



1933 



1934 



1936 



1937 



45% 



10 



DECEMBER 1937 



V— STOCK EXCHANGE STATISTICS 

MONTREAL AND TORONTO STOCK EXCHANGES 1 " 

Stock Exchange Bulletins 







Member Borrowings 


Market Value of 


Common Stock Prices 


Value of Shares 










Millions 


rf Dollars 


M.S.E. 


Indexes 


T.S.E. 


Indexes 




















1926 


= 100 


July-Dec. 


1933 = 100 


Millions 


~>f Dollars 




Montreal 


Toronto 


Duplication 


Total 


Montreal 


Toronto 


20 

Industrials 


10 

Utilities 


20 
Golds 


20 

Misc. Mines 


Montreal 


Toronto 


(3) 

1936-Open 


17.4 


27.6 


2.2 


42.7 


5,212 


4,933 


70 


68 


121 


124 


* 


63 


High 


35.7 


43.8 


5.8 


73.6 


6,158 


5,912 


109 


86 


156 


198 


* 


90 


Average 


22.9 


32.0 


3.1 


51.8 


5,393 


5,175 


80 


72 


137 


145 


* 


58 


Low 


17.4 


27.6 


2.0 


39.7 


4,937 


4,713 


70 


67 


116 


124 


* 


39 


Close 


35.7 


43.8 


5.8 


73.6 


6,158 


5,912 


109 


86 


156 


197 


* 


75 


Month-End 


























1937-Jan. 


39.2 


46.8 


6.5 


79.5 


6,472 


6,124 


114 


87 


164 


196 


94 


96 


Feb. 


40.7 


45.4 


6.0 


80.1 


6,787 


6,422 


113 


90 


159 


211 


70 


94 


Mar. 


45.7 


42.4 


7.1 


81.0 


6,773 


6,319 


120 


84 


151 


197 


92 


81 


Apr. 


41.2 


40.1 


6.0 


75.3 


6,152 


5,629 


104 


77 


129 


162 


85 


86 


May 


37.1 


39.9 


- 


77.0 


6,103 


5,746 


107 


77 


120 


158 


36 


42 


June 


37.5 


38.6 


- 


76.1 


5,969 


5,544 


103 


78 


113 


151 


25 


33 


July 


37.7 


39.7 


- 


77.4 


6,339 


5,831 


109 


82 


120 


165 


26 


26 


Aug. 


38.9 


43.1 


- 


82.0 


6.270 


5,787 


108 


80 


122 


164 


27 


29 


Sept. 


26.4 


34.5 


- 


60.9 


5,572 


5,088 


86 


74 


115 


131 


45 


44 


Oct. 


18.0 


28.4 


- 


46.4 


5,124 


4,816 


80 


71 


115 


117 


39 


51 


Nov. 


18.1 


28.5 


— 


46.6 


4,838 


4,565 


74 


66 


116 


113 


23 


37 



(1) Including their respective Curb Markets. (2) Borrowings which were formerly included in both the Toronto and Montreal figures. 
(3) Monthly figures except in the case of Common Stock Prices where daily figures were used. * Not available. 



COMMON STOCK PRICES 



MONTREAL AND TORONTO STOCK EXCHANGE INDEXES ADJUSTED TO JAN 2.1936 - IOO 




J F M A 

(II OCCCMBEP 20.1937 CLOSE 



J J 

1936 



J J 

1937 



DECEMBER 1937 



11 



VI— INDUSTRIAL ACTIVITY 

Dominion Bureau of Statistics 





Physical 


PRODUCTION 


Con- 




Employ- 
ment 
Index") 




Volume 

of 
Business 


Gold 


Copper 


Steel 


Auto- 
mobiles 

and 
Trucks 


News- 


Electric 


struction 
Contracts 
Awarded 


Car 
Loadings 




Index 
1926 = 100 








print 


Power 






1926 = 100 




Thousands 


Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 


Thousands 








Fine Ounces 


Short Tons 


Long Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 




Annual Totals(2) 






















1926 


100.0 


1,754 


67 


776 


205 


1,889 


12,093 


373 


3,253 


100.0 


1929 


125.5 


1,928 


124 


1,378 


263 


2,725 


17,963 


577 


3,524 


119.2 


1932 


78.7 


3,044 


124 


339 


61 


1,919 


16,052 


133 


2,176 


86.4 


1933 


79.7 


2,949 


150 


410 


66 


2,017 


17,339 


97 


2,032 


84.2 


1934 


94.2 


2,972 


182 


759 


117 


2,598 


21,160 


126 


2,321 


96.4 


1935 


102.4 


3,285 


210 


936 


173 


2,753 


23,405 


160 


2,358 


99.8 


1936 


112.2 


3,748 


211 


1,114 


163 


3,180 


25,394 


163 


2,494 


104.0 


1936-June 


111.1 


318.1 


15.6 


82.2 


16.4 


270.1 


2,029 


20.8 


200.8 


100.5 


July 


110.8 


321.1 


14.3 


68.8 


10.5 


274.6 


2,021 


17.9 


202.7 


100.9 


Aug. 


113.5 


330.5 


17.7 


80.2 


4.7 


270.1 


2,020 


15.5 


222.0 


101.1 


Sept. 


120.0 


332.4 


18.1 


86.1 


4.7 


269.8 


2,041 


16.6 


251.3 


102.7 


Oct. 


121.5 


335.7 


17.3 


98.3 


5.4 


301.1 


2,281 


15.0 


263.5 


105.0 


Nov. 


118.0 


320.8 


18.5 


98.5 


10.8 


285.8 


2,262 


13.8 


219.9 


106.6 


1937-June 


126.0 


344.9 


21.3 


118.7 


23.8 


310.9 


2,255 


30.4 


214.2 


112.6 


July 


126.5 


347.5 


20.9 


123.0 


17.9 


314.5 


2,188 


21.5 


219.3 


114.9 


Aug. 


123.4 


348.5 


22.3 


126.7 


10.7 


318.7 


2,198 


24.8 


231.0 


114.9 


Sept. 


123.8 


348.1 


24.0 


114.6 


4.4 


312.4 


2,195 


21.7 


262.0 


118.1 


Oct. 


127.4 


358.8 


25.9 


114.5 


8.1 


314.6 


2,365 


20.2 


260.0 


119.8 


Nov. 








110.7 


16.6 


302.2 


2,415 


14.7 


235.1 


120.3 



(1) As at first of month, seasonally adjusted. 



(2) Average of months in case of Physical Volume of Business and Employment Indexes. 



EMPLOYMENT IN MANUFACTURING INDUSTRIES 

SEASONALLY ADJUSTED INDEXES. 1926 - 1 00 



150 



130 



no 



90 



70 



50 



1 1 

ANNUAL AVERAGE 


i 


L 




i 


ft 




/ 

t 
i 

/ 


ft 
% 
ft 
ft 

ft TEXTILE P 


30DUCTS 


ft 
ft 
ft 






\ 




r^> 


ft 


// / 




\S * 


// * 




\*» 


/ / 




Xft^^^ 


r * 


PULP 


t 




AND PAPER— Ml 


t j 








t / 






A 




»w, 


ft 




1 


i 




* 


i 


IRON AND STEEL ►* 


i 
i 




% 




%. 


t 




| 








^ 


i 











IRON A 

V 


FIRS1 

ND STEEL — 

> 


' OF MONTH 


r f 

TEXTILE PRODUCTS 






/ 








Ji 


^ 


PUl 




r 





















































































1926 27 '28 *29 '30 '31 '32 "33 '34 '35 '36 



NOV DEC JAN FEB MAR APR MAY JUNE JULY AUG SEPT, OCT. NOV, 
1936 1937 



150 



30 



110 



90 



70 



50 



12 



DECEMBER 1937 



VII— WHOLESALE PRICE INDEXES 

1926 = 100 



CANADA 

Dominion Bureau of Statistics 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


Monthly 












1936-Nov. 


77.1 


75.8 


76.2 


75.5 


77.2 


Dec. 


82.4 


79.3 


77.4 


77.3 


79.7 


1937-Jan. 


86.0 


82.4 


79.4 


78.4 


81.3 


Feb. 


87.0 


83.8 


79.7 


78.8 


82.9 


Mar. 


90.0 


86.8 


79.4 


79.7 


85.5 


Apr. 


91.4 


87.5 


80.7 


80.5 


86.1 


May 


87.8 


85.7 


79.9 


80.0 


85.1 


June 


83.7 


83.3 


80.2 


80.1 


84.6 


July 


92.5 


88.3 


84.2 


82.2 


87.5 


Aug. 


84.9 


83.7 


82.9 


81.9 


85.6 


Sept. 


86.1 


83.7 


82.2 


81.2 


85.0 


Oct. 


86.4 


83.5 


83.0 


81.3 


84.7 


Nov. 


84.0 


81.2 


80.5 


80.6 


83.1 



U.K. 

Board of Trade (l) 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


70.9 


71.8 


75.1 


76.2 


79.1 


79.3 


81.2 


81.3 


81.3 


83.0 


80.7 


83.8 


82.4 


86.6 


83.4 


88.0 


83.3 


89.3 


83.1 


89.3 


84.2 


90.0 


84.1 


89.9 


84.8 


89.7 


86.1 


89.3 


85.5 


87.6 



U.S.A. 

Bureau of Labour 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 
(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


85.1 


83.1 


83.9 


82.6 


82.4 


88.5 


85.6 


85.5 


83.8 


84.2 


91.3 


88.1 


87.1 


84.9 


85.9 


91.4 


88.3 


87.0 


85.4 


86.3 


94.1 


90.1 


87.5 


86.4 


87.8 


92.2 


88.7 


85.5 


87.4 


88.0 


89.8 


87.1 


84.2 


87.5 


87.4 


88.5 


86.1 


84.7 


87.7 


87.2 


89.3 


86.5 


86.2 


88.8 


87.9 


86.4 


84.8 


86.7 


S9.0 


87.5 


85.9 


84.4 


88.0 


89.1 


87.4 


80.4 


80.7 


85.5 


88.1 


85.4 



(1) Adjusted to 1926=100 from base 1913 = 100 in 1926-29 and from base 1930= 100 in 1930 and thereafter. 

(2) Bureau of Labour Index of Prices of Finished Products. 



WHOLESALE PRICE INDEXES 

1926 = 100 




DECEMBER 1937 



13 



Millions of Dollars 



VIII— INTERNAL TRADE : RETAIL MERCHANDISE SALES » 

Dominion Bureau of Statistics 









Type oi 


' Business 








Distribution by Areas 


















TOTAL 














Food 

and 

Clothing 


General 

Mer- 
chandise 


Auto- 
motive 


Building 
Materials 


Furniture 

and 
Household 


All 
Other 


SALES 


Maritime 


Quebec 


Ontario 


Prairie 


British 
Columbian) 


Calendar Years 


























1926 


858 


653 


333 


192 


83 


449 


2,568 


175 


575 


998 


591 


229 


1927 


928 


699 


366 


207 


92 


491 


2,783 


185 


625 


1,081 


645 


247 


1928 


986 


743 


420 


220 


106 


561 


3,036 


200 


674 


1,186 


709 


267 


1929 


1,019 


754 


488 


207 


120 


570 


3,158 


215 


722 


1,250 


687 


284 


1930 


911 


681 


382 


162 


102 


518 


2,756 


198 


651 


1,100 


555 


252 


1931 


786 


586 


299 


129 


82 


438 


2,321 


173 


562 


952 


422 


212 


1932 


664 


489 


242 


96 


59 


371 


1,922 


141 


465 


790 


360 


166 


1933 


620 


465 


228 


83 


51 


339 


1,786 


130 


422 


742 


334 


158 


1934 


656 


499 


285 


95 


59 


364 


1,959 


145 


449 


824 


366 


175 


1935 


677 


512 


324 


101 


65 


375 


2,054 


153 


464 


858 


388 


191 


1936 


709 


544 


363 


112 


72 


403 


2,202 


166 


498 


913 


416 


209 










Increase 


or Decrease (-) in 


Retail Merchandise Sales 








1926-29 
1929-33 
1933-36 
1926-36 
1935-36 


19% 
-39% 

14% 

-17% 

5% 


16% 
-38% 

17% 

-17% 

6% 


47% 

-53% 

59% 

9% 

12% 


8% 
-60% 

35% 
-42% 

11% 


45% 
-57% 

41% 
-13% 

11% 


27% 
-40% 

19% 

-10% 

8% 


23% 
-43% 

23% 

-14% 

7% 


23% 

-39% 

28% 

-5% 

9% 


26% 
-42% 

18% 

-13% 

7% 


25% 

-41% 

23% 

-8% 

6% 


16% 
-51% 

25% 

-30% 

7% 


24% 

-44% 

32% 

-9% 

9% 



(1) Revised figures in 1931-34. 



(2) Including Yukon and Northwest Territories. 



RETAIL MERCHANDISE SALES : INDEXES 0E VALUE. PRICE AND VOLUME 



1926-100 



1926-100 




1926 1927 

l lNDex G> DIVI0CD BV INDEX (2) 



1928 



1929 



1930 



1932 



1933 



1934 



1935 



1936 



14 



DECEMBER 1937 



Millions of Dollars 



IX— EXTERNAL TRADE : MERCHANDISE IMPORTS 
VALUE BY CHIEF COMMODITY CLASSIFICATIONS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Fruits, 
Nuts and 
Vegetables 


Sugar 

and 

Products 


Rubber 

and 
Products 


Petroleum 
Asphalt 

and 
Products 


Coal and 

Coke 
Products 


Textiles 

and 
Fibres 


Iron 
and 
Steel 


Machinery 

and 
Vehicles 


Non- 
ferrous 
Metal 
Products 


Chemical 
Products 


All 
Other 


Total 

Merchandise 

Imports (l) 


Calendar Year Totals 


























1926 


40 


38 


30 


53 


67 


184 


95 


125 


51 


31 


294 


1,008 


1929 


50 


28 


23 


78 


64 


199 


134 


208 


91 


40 


385 


1,299 


1932 


27 


17 


4 


43 


35 


69 


29 


38 


22 


28 


141 


453 


1933 


22 


16 


5 


31 


31 


70 


28 


32 


18 


24 


124 


401 


1934 


26 


17 


10 


41 


40 


84 


42 


52 


26 


28 


147 


513 


1935 


28 


19 


10 


44 


38 


85 


50 


62 


34 


30 


152 


550 


1936 


33 


21 


12 


50 


40 


99 


55 


80 


35 


32 


178 


635 


12 Months Ending 


























Oct. 1937 


35 


21 


18 


58 


42 


117 


83 


118 


45 


36 


221 


794 


Monthly Totals 


























1936— Oct. 


3.4 


2.3 


1.4 


6.1 


4.2 


9.5 


5.6 


6.7 


3.3 


3.3 


19.5 


65.2 


Nov. 


2.7 


2.5 


1.8 


5.6 


3.8 


9.0 


5.8 


6.7 


3.1 


3.7 


21.4 


66.2 


Dec. 


2.5 


1.4 


.7 


2.7 


3.6 


8.7 


4.3 


7.9 


2.7 


2.4 


16.1 


53.0 


1937— Jan. 


1.8 


.6 


1.0 


2.2 


2.9 


9.6 


4.4 


8.9 


2.9 


2.6 


15.0 


51.9 


Feb. 


2.1 


.5 


.8 


2.1 


2.8 


9.1 


4.3 


8.0 


3.1 


2.2 


13.7 


48.7 


Mar. 


3.2 


.9 


1.5 


2.6 


3.1 


13.5 


6.4 


12.3 


4.0 


3.2 


20.3 


71.0 


Apr. 


2.5 


1.1 


.9 


2.7 


3.0 


8.9 


6.3 


9.6 


3.4 


2.8 


15.7 


56.9 


May 


3.7 


1.9 


2.4 


5.4 


3.8 


10.4 


8.9 


13.0 


4.4 


3.7 


19.3 


76.7 


June 


4.8 


2.1 


2.2 


6.4 


3.6 


10.7 


8.5 


12.1 


3.8 


3.2 


18.3 


75.7 


July 


3.4 


1.8 


1.2 


6.8 


3.5 


9.8 


8.9 


10.0 


4.7 


3.2 


18.6 


72.0 


Aug. 


2.8 


2.3 


1.8 


7.0 


3.4 


9.1 


8.3 


8.9 


4.0 


2.9 


19.5 


70.0 


Sept. 


2.9 


2.6 


1.4 


7.2 


3.8 


8.4 


8.1 


9.4 


3.9 


3.0 


19.6 


70.2 


Oct. 


2.7 


3.0 


2.9 


6.9 


4.5 


9.8 


8.5 


11.7 


4.9 


3.6 


23.7 


82.1 


Nov. 
























80.7 (2) 



(1) Includes Merchandise re-exports. 



(2) Preliminary. 



MERCHANDISE IMPORTS 

CHIEF COMMODITY CLASSIFICATIONS 



SUGAR AND PRODUCTS 



FRUITS, NUTS 8. VEGETABLES 



COAL AND COKE 



CHEMICAL PRODUCTS 



PETROLEUM AND ASPHALT 



TEXTILES AND FIBRES 



NON-FERROUS METALS 



TOTAL IMPORTS 



RUBBER AND PRODUCTS 



IRON AND STEEL 




PERCENTAGE INCREASE IN VALUE 



12 


MONTHS 


ENDING 
OVER 


OCT 


1937 


12 


MONTHS 


ENDING 


OCT 


1936 



MACHINERY & VEHICLES 



— ;.;.'.". :".v.-,,;J--i 



IO°/o 20°/o 

JCHICFLf IN THE FORM Of MANUFACTURED PRODUCTS SUCH AS ELECTRICAL EQUIPMENT. 



30% 



40% 



50% 



60% 



70% 






DECEMBER 1937 



15 



Millions of Dollars 



IX— EXTERNAL TRADE : MERCHANDISE EXPORTS 
VALUE BY CHIEF COMMODITY CLASSIFICATIONS 

Compiled from Trade of Canada, Dominion Bureau of Statistics 





Grain 


Fruits. 


Livestock 


Dairy 


Furs 


Non- 


Newsprint 




Machinery 




All 


Total 




and 








ferrous 


and 


Lumber 


and 






Merchandise 


1 


Milled 
Products 


Vegetables 


Fish 


Products 


Skins 


MetalsU) 


Wood Pulp 




Vehicles 


Products 


Other 


Exports(i)(2> 


Calendar Year Totals 


























1926 


481 


21 


86 


41 


26 


88 


166 


62 


60 


16 


226 


1,275 


1929 


333 


18 


68 


28 


31 


154 


192 


49 


75 


22 


218 


1,189 


1932 


167 


11 


28 


12 


12 


105 


102 


13 


12 


11 


78 


550 


1933 


156 


17 


35 


11 


14 


146 


93 


17 


15 


13 


92 


609 


1934 


174 


16 


50 


9 


17 


199 


108 


26 


28 


14 


118 


759 


1935 


180 


17 


57 


10 


19 


232 


116 


26 


38 


16 


130 


842 


1936 


284 


14 


74 


14 


21 


267 


135 


37 


36 


18 


170 


1,071 


12 Months Ending 


























Oct. 1937 


214 


14 


89 


17 


24 


327 


164 


46 


47 


21 


200 


1,164 


Monthly Totals 


























1936— Oct. 


37.3 


2.7 


6.3 


2.4 


.7 


25.7 


12.8 


4.0 


2.6 


1.7 


17.2 


113.4 


Nov. 


43.9 


2.3 


6.8 


2.3 


.8 


25.6 


13.1 


3.9 


3.2 


1.6 


17.6 


121.0 


Dec. 


29.7 


2.0 


6.7 


1.1 


3.9 


22.0 


12.6 


4.0 


2.9 


1.5 


18.5 


104.9 


1937— Jan. 


15.2 


1.5 


7.6 


.2 


6.0 


21.7 


12.3 


3.3 


3.3 


1.6 


14.0 


86.8 


Feb. 


10.1 


.6 


7.0 


.2 


2.6 


23.4 


10.6 


2.8 


3.0 


1.7 


12.6 


74.8 


Mar. 


10.1 


.6 


7.9 


.4 


2.4 


26.8 


14.3 


3.5 


4.8 


2.7 


17.5 


90.9 


Apr. 


8.0 


.3 


5.5 


.3 


1.2 


18.2 


12.0 


2.5 


3.8 


1.8 


11.7 


65.5 


May 


16.6 


.7 


7.8 


.7 


1.6 


35.4 


14.4 


3.8 


3.8 


2.5 


16.3 


103.6 


June 


21.0 


.6 


7.8 


1.4 


1.1 


38.3 


15.2 


4.5 


4.7 


2.1 


17.2 


113.9 


July 


16.6 


.6 


8.4 


2.6 


1.4 


28.7 


14.9 


4.3 


5.7 


1.6 


17.8 


102.5 


Aug. 


12.9 


.6 


8.9 


2.2 


1.5 


31.5 


14.3 


4.4 


5.3 


1.4 


18.3 


101.5 


Sept. 


11.8 


1.2 


7.4 


2.5 


.9 


26.9 


15.0 


5.4 


3.2 


1.5 


18.2 


94.2 


Oct. 


17.8 


3.0 


7.4 


3.0 


.5 


28.5 


15.7 


3.9 


3.4 


1.5 


20.0 


104.6 


Nov. 
























112.0 <3) 



(1) Exports of Canadian Produce. (2) Adjusted for changes in "earmarked" gold. 



(3) Preliminary. 



MERCHANDISE TRADE BALANCE 1925-37 

SHOWING SEPARATELY IN 1936-37 NET EXPORTS OF GRAIN AND MILLED PRODUCTS 

MILLIONS OF DOLLARS 




1925 1926 1927 1926 1229 1930 1931 1932 1933 1934 I93S> 1936 1937 



16 



Millions 



CANADA 



DECEMBER 1937 



X— AGRICULTU E 

Dominio.Vt, 





Total Milk 
Production 


BUTTER 


CHEESE 
Farm and Factory 


MISCELLANEOUS 
DAIRY PRODUCTS (1) 


MILK 
CONSUMED (2) 


Total Oa 


Calendar 


DAIRY 


CREAMERY 


TOTAL 


Product! 




Pounds 


Pounds 


Dollars 


Pounds 


Dollars 


Pounds 


Dollars 


Pounds 


Dollars 


Ibs.MilkU) 


Dollars 


Pounds 


Dollars 


Dollar! 


1900 


6,867 


105 


* 


36 


7.2 


141 


* 


221 


22.2 


* 


* 


* 


* 


66.5 


1910 


9,807 


137 


30.3 


64 


15.6 


202 


45.9 


201 


21.6 


* 


* 


* 


* 


103.4 


1920 


10,976 


103 


50.2 


112 


63.6 


215 


113.8 


150 


39.2 


* 


* 


* 


* 


232.4 


1926 


14,592 


95 


28.3 


177 


61.8 


272 


90.1 


172 


28.9 


254 


17.8 


6,036 


140.6 


277.3 


1927 


14,826 


95 


30.4 


177 


65.7 


272 


96.1 


138 


25.6 


287 


18.9 


0,620 


154.3 


294.S 


1928 


14,513 


90 


29.1 


168 


64.7 


258 


93.8 


145 


30.6 


296 


20.6 


6,552 


152.7 


297.6 


1929 


14,349 


88 


28.9 


171 


65.9 


259 


94.8 


119 


21.6 


308 


22.1 


6,647 


153.2 


291.7 


1930 


15,126 


98 


27.4 


186 


56.7 


283 


84.1 


120 


18.2 


313 


21.1 


6,839 


101.2 


237.1 


1931 


15,773 


103 


21.5 


226 


50.2 


329 


71.7 


115 


12.9 


253 


16.6 


6,526 


78.9 


191.4 


1932 


15,918 


107 


15.3 


214 


40.5 


321 


55.8 


122 


11.5 


220 


13.1 


6,824 


71.6 


159.1 


1933 


16,049 


106 


16.6 


219 


43.5 


326 


60.1 


112 


11.2 


244 


13.8 


6,925 


78.0 


170.8 


1934 


16,329 


110 


17.5 


235 


48.2 


345 


65.7 


100 


9.9 


259 


15.1 


6,875 


85.0 


183.fi 


1935 


16,357 


107 


18.2 


241 


52.2 


348 


70.4 


101 


10.7 


290 


16.7 


6,787 


86.2 


192.4 


1936 (4) 


16,742 


106 


19.7 


249 


57.3 


355 


77.0 


118 


14.4 


315 


17.8 


6,790 


89.4 


208.2 



QUEBEC 



1900 
1910 
1920 

1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 (4) 



2,702 
3,074 

4,349 
4,463 
4,553 
4,305 
4,306 
4,139 
4,222 
4,174 
4,274 
4,325 
4,411 



18 
20 
16 

19 
18 
19 
19 
14 
14 
14 
14 
15 
14 
14 



4.4 
8.0 

5.4 
5.9 
6.6 



3.0 



25 
42 
42 

51 
55 
53 
53 
61 
70 
65 
64 
69 
73 
73 



4.9 
10.0 
23.6 

17.2 
20.2 
20.0 
20.4 
17.9 
15.0 
12.3 
12.5 
14.0 
15.9 
16.9 



43 
61 
57 

70 

74 
71 
73 
74 
83 
79 
78 
84 
88 
87 



14.4 
31.6 

22.6 
26.1 
26.6 
27.1 
22.1 
18.3 
14.3 
15.0 
16.7 
18.6 
19.9 



81 
59 
52 

46 
38 
45 
35 
34 
26 
30 
26 
22 
21 
25 



8.0 

6.2 

13.4 

7.5 
6.8 
9.5 
6.2 
5.1 
2.9 
2.7 
2.5 
2.1 
2.1 
3.2 



* 
* 

19 
23 
26 
27 
26 
24 
18 
15 
17 
19 
19 



1.7 
2.1 
2.4 
2.6 
2.5 
2.2 
1.7 
1.5 
1.8 
1.9 
1.9 



* 
* 

* 

2,182 
2,296 
2,348 
2,178 
2,152 
1,868 
2,028 
2,050 
2,043 
2,027 
2.062 



* 
* 

50.8 
53.5 
54.7 
50.8 
26.6 
19.8 
19.5 
22.3 
24.0 
24.5 
25.3 



MANITOBA 



1900 
1910 
1920 

1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 (4 ' 



1900 
1910 
1920 

1926 
1927 
1928 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 (4) 



544 
605 

912 

949 

922 

824 

933 

1,063 

1,015 

1,115 

1,045 

1,063 

1,098 



9 
11 

8 

9 
8 
8 
8 
9 
9 
9 
9 
9 
9 
9 



* 

2.6 
3.9 

2.7 
2.6 
2.6 
2.0 
2.3 
1.3 
1.1 
1.3 
1.3 
1.4 
1.6 



2 
2 

8 

15 
14 
14 
15 
16 
21 
19 
20 
21 
22 
23 



.3 
.5 

4.3 

5.2 
5.1 
5.1 
5.7 
4.7 
4.4 
3.3 
3.6 
4.0 
4.3 
4.9 



10 
13 
16 

25 
23 
22 
24 
25 
30 
28 
29 
30 
31 
32 



3.1 

8.1 

7.9 
7.7 
7.7 
7.7 
7.0 
5.7 
4.4 
4.9 
5.3 
5.7 
6.5 



* 

5 

5 
6 
7 
7 
5 
4 
6 
5 
6 
8 



* 

319 
405 
394 

255 

333 
358 
335 
426 
326 
319 
319 



7.4 
9.4 
9.2 
5.9 
4.3 
4.1 
3.3 
4.7 
3.0 
3.0 
3.0 



ALBERTA 



526 

784 

991 
928 
841 
1,063 
1,077 
1,329 
1,312 
1,349 
1,456 
1,381 
1,412 



1 
8 
9 

10 
10 
11 
11 
12 
12 
13 
13 
13 
13 
13 



1.8 
4.0 

2.7 
2.9 
3.5 
3.1 
3.1 
1.8 
1.6 
1.7 
1.9 
2.0 
2.1 



2 

12 

20 
16 
14 
16 
18 
23 
21 
24 
26 
23 
25 



.1 

.5 

6.6 

6.6 
5.8 
5.4 
5.8 
5.0 
4.7 
3.5 
4.3 
4.8 
4.6 
5.5 



2 
10 
21 

29 
26 
25 
27 
30 
35 
34 
37 
39 
36 
38 



2.4 
10.5 

9.3 
8.7 
8.9 
8.9 
8.0 
6.6 
5.1 
6.0 
6.7 
6.6 
7.6 



* 
* 
* 


4 
6 
8 
10 
7 
6 
6 
6 
6 



* 

280 
313 
232 
409 
362 
492 
502 
473 
518 
513 
487 



* 

6.6 
7.3 
5.4 
9.1 
7.5 
7.1 
5.5 
5.6 
6.3 
6.3 
6.3 



* Not Available. 



(1) Chiefly ice-cream and concentrated whole milk products. 



(2) Whole milk sold off farms, consumed on farms and fed to animals. 



DECEMBER 1937 



17 



)AIRYING 




























Statistics 














VIARITIMES 












Millions 


otal Milk 
roduction 


BUTTER 


CHEESE 
Farm and Factory 


MISCELLANEOUS 
DAIRY PRODUCTS (1) 


MILK 
CONSUMED (2) 


Total Dairy 
Production 


Calendar 


DAIRY 


CREAMERY 


TOTAL 


Pounds 


Pounds 


Dollars 


Pounds 


Dollars 


Pounds 


Dollars 


Pounds 


Dollars 


lbs.Milk(3) 


Dollars 


Pounds 


Dollars 


Dollars 




* 


18 


* 


1 


.3 


19 


* 


7 


.7 


* 


* 


* 


* 


6.3 


1900 


928 


22 


4.6 


2 


.5 


24 


5.1 


5 


.5 


* 


* 


* 


* 


9.8 


1910 


1,017 


19 


9.7 


5 


2.8 


24 


12.5 


3 


.9 


* 


* 


* 


* 


22.4 


1920 


1,250 


10 


3.3 


8 


3.0 


18 


6.3 


3 


.5 


15 


1.1 


769 


17.9 


25.8 


1926 


1,219 


10 


3.5 


9 


3.4 


19 


6.9 


3 


.5 


18 


1.2 


716 


16.7 


25.2 


1927 


1,186 


14 


4.8 


9 


3.4 


23 


8.2 


3 


.5 


18 


1.4 


611 


14.2 


24.3 


1928 


1,147 


12 


4.7 


8 


3.3 


20 


8.0 


2 


.4 


20 


1.5 


625 


13.3 


23.2 


1929 


1,013 


16 


4.9 


9 


2.8 


24 


7.7 


2 


.2 


22 


1.6 


404 


5.6 


16.0 


1930 


1,028 


16 


3.9 


10 


2.6 


26 


6.5 


1 




20 


1.4 


390 


4.5 


13.4 


1931 


1,057 


16 


2.8 


11 


2.3 


27 


5.1 


1 




17 


.9 


394 


4.1 


10.9 


1932 


1,055 


15 


3.1 


11 


2.4 


26 


5.5 


1 




17 


.9 


408 


3.5 


10.8 


1933 


1,036 


16 


3.1 


11 


2.5 


27 


5.6 


1 




17 


.9 


391 


4.3 


11.7 


1934 


1,002 


15 


3.3 


10 


2.3 


25 


5.6 


1 




17 


1.0 


401 


4.7 


12.1 


1935 


1,045 


15 


3.6 


11 


2.7 


26 


6.3 


1 




16 


.9 


403 


4.9 


13.1 


1936 (4) 


ONTARIO 


* 


55 


* 


8 


1.5 


63 


* 


132 


13.5 


* 


* 


* 


* 


34.8 


1900 


4,296 


63 


13.7 


14 


3.4 


77 


17.1 


136 


14.8 


* 


* 


* 


* 


43.3 


1910 


4,305 


34 


16.9 


37 


21.3 


71 


38.2 


93 


24.6 


* 


* 


* 


* 


93.5 


1920 


! 5,557 


26 


8.1 


63 


22.8 


89 


30.9 


120 


20.3 


180 


12.3 


1,966 


45.8 


109.2 


1926 


I 5,641 


28 


9.3 


66 


25.1 


94 


34.4 


96 


17.9 


208 


12.9 


2,144 


50.0 


115.2 


1927 


5,474 


19 


6.3 


64 


24.9 


82 


31.2 


96 


20.2 


202 


13.5 


2,275 


53.0 


117.9 


1928 


i 5,357 


18 


6.4 


59 


23.7 


78 


30.1 


80 


14.5 


203 


14.2 


2,443 


56.9 


115.8 


1929 


1 6,046 


24 


7.4 


65 


20.6 


89 


28.0 


81 


12.4 


200 


13.1 


2,845 


45.9 


103.1 


1930 


6,268 


30 


7.5 


78 


18.0 


108 


25.5 


85 


9.5 


152 


9.8 


2,652 


33.7 


82.2 


1931 


6,379 


31 


4.9 


75 


14.8 


106 


19.7 


87 


8.2 


136 


7.8 


2,787 


30.9 


69.1 


1932 


16,410 


31 


5.0 


77 


16.0 


108 


21.0 


81 


8.2 


159 


8.7 


2,805 


33.8 


74.1 


1933 


i 6,467 


33 


5.2 


82 


17.6 


114 


22.8 


73 


7.2 


171 


9.3 


2,796 


38.1 


80.0 


1934 


16,558 


31 


5.3 


84 


19.1 


116 


24.4 


76 


7.9 


192 


10.5 


2,807 


39.7 


85.1 


1935 


6,754 


31 


5.7 


86 


20.6 


117 


26.3 


87 


10.5 


209 


11.1 


2,821 


40.4 


91.3 


1936 <4) 



SASKATCHEWAN 



* 


2 


* 


_ 


.1 


3 


* 


_ 


_ 


* 


* 


* 


* 


.7 


1900 


662 


12 


2.7 


2 


.4 


14 


3.1 


- 


- 


* 


* 


* 


* 


7.2 


1910 


962 


16 


6.8 


7 


3.7 


22 


10.5 


- 


- 


* 


* 


* 


* 


17.1 


1920 


1,234 


19 


5.2 


17 


5.5 


35 


10.7 


- 


.1 


7 


.5 


395 


9.2 


20.6 


1926 


1,302 


18 


5.4 


12 


4.4 


29 


9.8 


- 


.1 


8 


.6 


601 


14.0 


24.5 


1927 


1,179 


17 


4.4 


11 


4.4 


28 


8.8 


- 


- 


10 


.8 


504 


11.8 


21.3 


1928 


1,235 


17 


5.3 


15 


5.5 


31 


10.8 


- 


- 


11 


.9 


490 


11.4 


23.1 


1929 


1,254 


21 


4.9 


14 


4.3 


35 


9.3 


- 


- 


9 


.7 


426 


5.5 


16.9 


1930 


1,403 


21 


3.2 


19 


4.0 


40 


7.2 


- 


- 


6 


.5 


452 


4.6 


13.7 


1931 


1,399 


22 


2.6 


18 


3.1 


40 


5.7 






5 


.3 


466 


4.2 


11.2 


1932 


H,457 


22 


2.S 


19 


3.5 


41 


6.3 






4 


.3 


487 


4.4 


12.1 


1933 


|l,512 


22 


2.9 


21 


3.9 


42 


6.8 






4 


.4 


506 


4.9 


13.1 


1934 


11,519 


21 


3.0 


23 


4.5 


44 


7.5 






5 


.4 


474 


4.6 


13.6 


1935 


jl,502 


21 


3.3 


24 


5.2 


45 


8.5 






5 


.4 


433 


5.9 


15.9 


1936 <4) 















BRIT 


TSH COLUMBIA 












* 


1 


* 


— 


.1 


1 


* 


_ 


_ 


* 


* 


* 


* 


1.2 


1900 


148 


1 


.4 


1 


.4 


2 


.8 


- 


- 


* 


* 


* 


* 


2.6 


1910 


229 


2 


1.0 


2 


1.3 


4 


2.3 


- 


- 


* 


* 


* 


* 


6.2 


1920 


299 


3 


.9 


4 


1.6 


6 


2.5 


— 


.1 


23 


1.1 


125 


2.9 


6.6 


1926 


1 324 


2 


.8 


4 


1.8 


7 


2.6 


- 


- 


22 


1.2 


147 


3.4 


7.3 


1927 


358 


2 


.9 


4 


1.6 


6 


2.5 


- 


- 


29 


1.6 


187 


4.4 


8.4 


1928 


1 420 


2 


.8 


4 


1.5 


6 


2.3 


- 


- 


31 


1.6 


247 


5.7 


9.7 


1929 


1 498 


2 


.5 


4 


1.5 


6 


2.0 






39 


1.9 


318 


5.9 


10.2 


1930 


1 544 


2 


.5 


5 


1.5 


8 


2.0 






38 


1.8 


314 


5.0 


9.1 


1931 


533 


3 


.4 


5 


1.1 


8 


1.5 






34 


1.5 


312 


4.1 


7.4 


1932 


i 489 


2 


.3 


5 


1.2 


7 


1.5 






35 


1.6 


277 


3.7 


7.1 


1933 


{ 540 


3 


.4 


6 


1.4 


9 


1.8 






39 


1.8 


293 


4.4 


8.2 


1934 


1 508 


3 


.4 


6 


1.5 


9 


1.9 






46 


2.0 


247 


3.3 


7.7 


1935 


521 


3 


.5 


6 


1.4 


9 


1.9 






50 


2.2 


265 


3.7 


8.2 


1936 <4) 


.3) Quantity of milk used in manufacture 


. 


4) Prelimi 


nary. 




























o 















et 



. . ( 



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